Real Madrid ‘laughed at’ PSG’s €250m asking price for Kylian Mbappe as La Liga giants set spending limit on transfer package for World Cup winner

The World Cup-winning forward has been welcomed back into the fold at Parc des Princes at the start of the 2023-24 campaign, but he is yet to agree an extension to a contract that is due to expire next summer. As a result, intense speculation continues to rage regarding the 24-year-old’s future plans.

PSG are still hoping to agree fresh terms, with exit triggers set to be inserted into new one or two-year agreements. They are eager to include a €250m release clause in any deal, with the Ligue 1 champions looking to generate a world-record fee from any sale.

El Debate reports that said figures have been laughed out of Santiago Bernabeu, with Real having no intention of parting with such a fee. Instead, the Blancos have made it clear that they will only go as high as €175m (£149m/$190m) in any deal – which includes bonuses – with their opening offer expected to be closer to the €130m (£111m/$141m) mark.

Real are also eager to make it clear to Mbappe and his representatives that they are prepared to walk away entirely, dropping all interest in a long-standing target, if no deal is done in the current window or the summer of 2024.