Mbappe has been instrumental for his national team France in the ongoing 2018 FIFA World Cup in Russia.
Before his permanent transfer that will see him become the second most expensive player in history, he initially came to PSG on loan.
Reports making the rounds has it that Mbappe would be joining the Spanish giants Real Madrid to fill the vacuum that will be left by Cristiano Ronaldo who has revealed that he would be leaving for Juventus.
Real Madrid has described the reports as false as there are no deals as regards buying the 19 years old from the French club.
“Given the information published in the last few hours referring to an alleged agreement between Real Madrid and PSG for player Kylian Mbappe, Real Madrid says they are flatly false,” a statement on the club’s website read.
“Real Madrid has not made any offers to PSG or the player and regrets the dissemination of this type of information that is not contrasted with the parties.”
Madrid has been closely monitoring Mbappe since his days at Monaco and the principality club’s vice-president had said they made an offer worth 180 million Euros only to be knocked back as he opted to return to Boyhood Club PSG.
Mbappe has found the back of the net for PSG 22 times in 44 games in his first season and had played a key role for the national team at the World Cup, having netted three times in four games.
NAN reports that the statement is coming just a day after the Champions League holders made an announcement to clarify that talk of another world record deal with PSG had been struck.
This was after it was reported that they were set to sign Neymar this summer for 310 million Euros (360 million dollars).