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Published 22:05 18 Feb 2023 GMT
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The France international can leave PSG next summer (2024) for free if he chooses not to activate the optional one-year extension clause in his contract.
Although he isn't expected to leave this summer, Madrid are closely watching the developments surrounding Mbappé and want to be ready to pounce when the opportunity arrises.
Should they fail to bring Mbappé to the Bernabeu, the LaLiga side have other targets in mind. Erling Haaland of Manchester City is alleged to be one of them, but Madrid are aware that it would have to be an astronomical amount of money for Man City to even consider.
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