Kylian Mbappe agrees to contract extension with PSG, rejecting Real Madrid offer: reports

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French soccer star Kylian Mbappe will remain with Paris Saint-Germain after signing a three-year contract extension with the team Saturday, according to reports. Mbappe reportedly turned down an offer to join 13-time European champion Real Madrid. 

Mbappe, 23, had been rumored to have already agreed to a deal with Real Madrid earlier in the week that would have made him the highest-paid player in the organization's history. But a source told The Associated Press Saturday that the young striker had agreed to a deal that would keep him with PSG another three years. 

His contract was set to expire in June. 

Kylian Mbappe of Paris Saint-Germain celebrates his second goal during a Ligue 1 Uber Eats match between RC Strasbourg Alsace and PSG at Stade de la Meinau April 29, 2022, in Strasbourg, France.  (John Berry/Getty Images)

The source added that the deal was not yet signed but that Mbappe was close to making it official. 

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According to the New York Times, Madrid’s offer included a signing bonus of nearly $140 million and $26 million in annual salary. The length of the deal was not revealed. He would also have exclusive control over his image rights, a rarity for the club. 

Kylian Mbappe, center, of Paris Saint-Germain, in action against Eder Militao, right, of Real Madrid, during a UEFA Champions League round of sixteen leg two match March 9, 2022, in Madrid, Spain.  (Burak Akbulut/Anadolu Agency via Getty Images)

PSG’s offer reportedly offered a higher base salary, according to The Times. 

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News of the fractured deal comes as a blow for Madrid,