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Sky sources: Mbappe could announce his PSG renewal today

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Photo by FRANCK FIFE/AFP via Getty Images

In what can be a huge blow for Real Madrid’s transfer aspirations, Kylian Mbappe could announce his renewal with Paris Saint-Germain later tonight on Saturday, reports Sky Sport Italia’s Gianluca Di Marzio.

Mbappe is in the final couple of months of his contract with PSG and speculations over his future have been dominating the headlines for months together now.

Real Madrid had been touted as the favourites to sign the 23-year-old superstar on a Bosman deal this summer after having failed to land him with massive bids last year.

However, it seems like Los Blancos could miss out on the French superstar after all. Earlier this week, Mbappe’s mother confirmed that they had reached a contract agreement with both PSG and Real Madrid, with both offers being very similar.

She had added that Mbappe was yet to make a final decision on his future. Now, Di Marzio is claiming that the 2018 FIFA World Cup winner has chosen PSG and the announcement could be made later tonight.

PSG play Metz in their final Ligue 1 match of the season and Mbappe and the club could announce the extension of their partnership after the match.

Building on that, Italian journalist Alfredo Pedulla has reported that the French forward could be set to receive a massive signing-on bonus of around €130-150 million or even double that amount.

Such outrageous sums may have played a part in Mbappe changing his mind to continue at PSG, despite having appeared to be favouring a transfer to Real Madrid for a long time.

If true, this development will come as a huge blow for Los Blancos, who had made Mbappe their main mission this summer. Due to their pursuit of the French international, Real Madrid even backed out of the race for Erling Haaland, who has signed for Manchester City.

It remains to be seen what Florentino Perez & co. do in the transfer window now that Mbappe has seemingly slipped out of their hands.

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Real Madrid News

Contract extension of two Real Madrid veterans will be signed soon – Fabrizio Romano

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Photo by Angel Martinez/Getty Images

According to Fabrizio Romano, both Luka Modric and Lucas Vazquez will soon sign new contracts with Real Madrid. 

These deals are expected to be official shortly, ensuring that both players will stay with the club for another year as their contracts will be valid until June 2025.

Interestingly, Carlo Ancelotti has been key to this decision as he believes Modric’s experience and leadership are crucial for the team, especially since Real Madrid has a relatively young midfield lineup.

What is noteworthy is that Modric is willing to accept a pay cut to remain with the club. In the 2023/24 season, Modric earned around €10 million. 

However, under the new agreement, he will see a significant reduction in his salary by 40%. This means he will earn about €6 million for the 2024/25 season. Modric’s representatives have agreed to these terms.

What about Lucas Vazquez?

Real Madrid have assured the continuity of Modric and Vazquez. (Photo by David Ramos/Getty Images)

On the other hand, Vazquez, who has been the subject of recent exit rumours, has also reached an agreement with Real Madrid for a new contract. 

This deal will also keep him at the club until June 2025. There will be a final meeting soon to finalise the details and sign the contract, similar to the process for Modric’s deal.

It is said that Real Madrid’s decision to keep Vazquez was made some time ago as the club view him as the ideal backup for Dani Carvajal, indicating that they do not plan to sign another right-back during the summer transfer window.

Madrid’s confidence

Although the negotiations took longer than expected, both Vazquez and the club are on the same page and want the same outcome. 

In summary, Real Madrid is set to secure the futures of both Modric and Vazquez with new contracts valid until June 2025. 

Modric’s deal involves a pay cut, reflecting his commitment to the club, while Vazquez’s new contract underscores the club’s confidence in him as a reliable backup for their right-back position. 

These moves are part of Real Madrid’s strategy to blend experienced leadership with youthful talent in their squad.

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