Report: Mbappe agrees to join Real Madrid

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Kylian Mbappe has decided to join Real Madrid, sources told ESPN's Julien Laurens.

Mbappe, whose contract with Paris Saint-Germain expires June 30, will reportedly announce next week that he intends to leave the Ligue 1 giants for the 14-time European champions this summer.

However, Sky Sports correspondent Kaveh Solhekol cautioned that Mbappe hasn't communicated a decision either way to PSG.

PSG declined to comment when approached by The Associated Press. Madrid didn't immediately respond to The Associated Press' request for comment.

Laurens reports the 25-year-old already turned down PSG's offer of a raise on top of his gargantuan €72-million gross salary. A move away would also deny Mbappe a loyalty bonus of around €100 million.

Madrid are expected to pay Mbappe nearly half of what he's currently earning at PSG, another source told ESPN.

The Frenchman initially agreed to terms with Madrid in May 2022 but backed out when PSG offered him a lucrative two-year contract extension. That deal included a €150-million signing bonus and a rolling loyalty bonus starting at €70 million. Emmanuel Macron, the president of France, also helped persuade Mbappe to stay during a private phone call.

But reports of a fracture appeared to develop over the last two seasons. Mbappe told PSG in a letter last June he was declining a one-year player option in his contract so he could leave as a free agent in the upcoming summer transfer window.

As he's now in the final months of his contract, Mbappe is free to negotiate without his club's permission.

Earlier in January, PSG president Nasser Al-Khelaifi seemed optimistic Mbappe would extend his time in Paris.

"He has the best training centre in the world, the best coach in the world (Luis Enrique)," Al-Khelaifi said. "Every year, he's sure of playing in the Champions League, we're in the last 16 at least, quarterfinals, even semifinals or final. We're there with the big clubs."

Even if Madrid's offer is worth half of the World Cup winner's current wages, they would likely pay him more than top earners Vinicius Junior and Jude Bellingham. Each of them bring in an estimated €10.5 million net annually.

Mbappe has 258 goals in 288 appearances for PSG.