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Just in: Kylian Mbappe has accepted a two-year contract renewal at PSG

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Star forward Kylian Mbappe has put an end to the Real Madrid rumours by reportedly agreeing a new two-year deal with an option to extend it for another year with Paris Saint-Germain.

French news outlet Le Parisien says that although nothing is officially signed, the extension is accelerating at a significant pace, with the principle terms already in place.

The entire operation was overlooked by the player’s entourages as well as his parents, who manage his interests. The parties representing the Frenchman accepted Nasser Al-Khelaifi’s offer, which will see him earning a whopping €50 million net a year from the next season.

Furthermore, the player will also receive an impressive €100 million worth of signing-on bonus.

Upon contacted by the aforementioned source, the club did not deny the news but is believed his representatives are tempering the expectations. Be that as it may, the news stand that the negotiations are in an advanced stage at the moment.

Mbappe’s contractual situation has been the talk of the town for quite a while. The young forward was tipped to leave at the end of the season, but it seems PSG have finally managed to convince him to continue for at least two more years.

The news comes a mere week after Real Madrid manager, Carlo Ancelotti, delivered his verdict on PSG’s stance, which has always been to keep the player in their rank.

“Coaches at a press conference can’t tell the whole truth,” the manager had said.

If the report presented by the outlet is, in fact, true, the news comes as a bit of a shocker for Real Madrid as they were hoping to land him on a free transfer in the summer.

But with him out of bounds, expect this year’s UEFA Champions League finalists to go all out for Erling Haaland instead.

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Real Madrid News

Real Madrid forward set for talks with Arsenal this week – report

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Photo by JAVIER SORIANO/AFP via Getty Images

With less than six months left on his contract, Marco Asensio looks to be on his way out of Real Madrid very soon. The Spaniard has not yet started talks to extend his contract with the Spanish giants, which has garnered the eyes from several top clubs across Europe.

One of the clubs interested in his signature happens to be Premier League leaders Arsenal. Mikel Arteta is said to be a fan of the player, and will try to be bring him to North London on a free transfer this summer.

According to Mirror, Asensio’s agents will fly to London this week to get an a better understanding Arsenal’s interest in the player. Talks are scheduled with Arsenal, among possibly other clubs.

Asensio’s priority remains to extend with Arsenal, but not at ‘any cost’. The winger is looking for raise with his new contract to go along with a four-year deal. The report states that he currently earns around €130,000 per week at Madrid.

The 27-year-old has been waiting for an official offer from Los Blancos for a while, but the club will wait for March or April before taking a decision on his extension.

Asensio took a while to grow important for Carlo Ancelotti this season, but has been featuring regularly on the right-wing lately. He even scored in 2-0 win against Valencia in midweek, taking his tally to two for the season, excluding three assists as well.

Arsenal are definitely looking to add more firepower to their squad for next season, having already brought in Leandro Trossard in the winter. Asensio could serve as the perfect backup to Bukayo Saka, who has been in incredible form all season.

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