The 21-year-old's current deal with the Parisian club expires in 2022 but they're keen to tie him down to new terms that would make him one of the highest-paid players on the planet.
Diario AS in Spain is reporting that PSG is well aware of Real Madrid's interest in Mbappé and will offer Mbappe an annual post-tax wage of €50m to keep him at the Parc des Princes.
Understandably, the French champions would prefer to sort this out before the player jets off for Euro 2020 duty with the World Champions.
According to Diario's source in Paris:
“They [PSG] don’t want to let him [Mbappé] go before the 2022 Qatar World Cup. It’s a strategic issue.”
L’Equipe estimates that Mbappé earns €1.9 million per month on his current deal, which is approximately €22.8 million annually. An increase to €50 million would represent more than a 100% increase on his current earnings.
Real Madrid president Florentino Pérez was reportedly ready to wait until the summer of 2021 to make a knock-down offer for Mbappé, whose contract with PSG would have been up the following year. It's not a dissimilar strategy to the one that Pérez employed in order to acquire the services of Eden Hazard.
One thing is for sure, Kylian Mbappé is possibly the most-wanted man in football today.