Kylian Mbappe has told PSG bosses he will not sign a new contract and will remain on a free transfer this summer, most likely to Real Madrid.

Kylian MbappePhoto: Sebastien SALOM-GOMIS / AFP / Profimedia

Kylian Mbappe has rejected any offer from PSG to extend his contract

25-year-old Kylian Mbappe is very close to realizing his dream.

The French forward will be out of contract this summer, rejecting any offer to extend his deal at PSG, which expires in June 2024, with MARCA reporting that Mbappe has already signed a five-year contract with the Santiago Bernabeu group.

The contract will take effect on July 1, 2024, and Kylian Mbappe will receive a net annual salary of €20 million.

Although he will earn far less than he earns at the Parc des Princes, Mbappe will still be the highest-paid player at Real Madrid, ahead of Toni Kroos, Luka Modric or David Alaba.

Kylian Mbappe will also receive a huge starting bonus at Real Madrid of €125 million, which will be split into several payments. The signing bonus is €5 million less than the one Kylian Mbappe and Real agreed two years ago.