The France international has been Madrid’s top target this
summer but PSG have stood firm over the 22-year-old’s availability, despite his
precarious contract situation.
Mbappe has entered the final year of his current deal with
the French club and has yet to reach an agreement, which means he could leave
on a free transfer next summer.
Madrid are looking to capitalise and have been hopeful of
securing a deal before the transfer window closes.
According to multiple reports in Spain on Tuesday evening,
Madrid have opened negotiations with PSG by submitting a €160m (£137m) offer.
However, several French sources claim that PSG have turned
down Madrid’s approach.
Mbappe is understood to be keen on a move to Madrid, however
the Spanish club could struggle to reach an agreement with PSG before the end
of the window and are prepared to wait to sign the forward on a free transfer
next year.
PSG have significantly strengthened their squad this summer
with the arrivals of Lionel Messi, Sergio Ramos, Georginio Wijnaldum, Gianluigi
Donnarumma and Achraf Hakimi.
And the French club’s president, Nasser Al-Khelaifi, told
Mbappe earlier this month that he had ‘no excuse’ to leave this summer.
‘I think we have the most competitive team. Now there is no
choice for Kylian but to stay here in Paris,’ Al-Khelaifi said.
‘I think everybody knows the future of Kylian, people from
Paris and the players.
‘He is a really competitive player. He wants to win, he
wants to win trophies, he said it in public.
‘He wanted a competitive team and I think we have got the
most competitive in the world. So there is no excuse for him now. He can’t do
anything else but stay.’