Mbappe to stay at PSG as Real Madrid pull out of transfer negotiations

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Madrid: Paris Saint-Germain (PSG) and French striker Kylian Mbappe will stay at Parc des Princes after a deal could not be reached with Spanish giants Real Madrid over joining this summer.

According to multiple reports, Madrid pulled out of negotiations to sign the young striker. Having originally been confident that a deal could be reached, the Spanish side would not concede to PSG’s demands for a fee of €200 million (£175m/$235m).

As things stand, Mbappe will now see out the remainder of his contract – which expires at the end of the season – in Paris, where he will line up alongside Lionel Messi and Neymar.

Los Blancos have already had two bids rejected by PSG for Mbappe, the latter worth €170 million (£146m/$200m), plus €10m (£9m/$12m) in add-ons.

Real Madrid had been confident that the second bid would be enough to land the 22-year-old superstar, who has made it clear he wants to move to Madrid.

However, with PSG standing firm it now seems unlikely a deal can be agreed before Tuesday’s transfer deadline, meaning Mbappe will remain at Parc des Princes – for now.

The former Monaco striker has turned down no fewer than six contract renewal offers from PSG – and with his current deal expiring at the end of the season, the French club run the risk of losing him for nothing.

Real Madrid only have to wait until January to open negotiations with Mbappe, who can then sign a pre-contract agreement to join them on a free transfer next summer.

Despite the transfer speculation, Mbappe started for PSG against Reims in Ligue 1 on Sunday and scored both goals in the 2-0 win.

Read: Chelsea’s Jorginho named UEFA Men’s Player of the Year

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