Kylian Mbappe will receive 'world-record signing-on fee' when he joins Real Madrid from PSG

Kylian Mbappe will secure a world-record signing-on fee when he joins Real Madrid from Paris Saint-Germain in the summer transfer window.

Mbappe is expected to sign a five-year contract with the La Liga giants when his deal expires later this year.

The 25-year-old has reportedly communicated his decision to PSG president Nasser Al-Khelaifi, who remained adamant Mbappe would remain at the Parc des Princes.

He has yet to sign his contract with Madrid but is expected to do so once the two teams can't meet in the Champions League.

PSG are currently 2-0 up after the first leg of their last 16 tie against Real Sociedad, while Madrid hold a 1-0 lead over RB Leipzig.

Per The Times, Mbappe's contract will be worth £12.8 million a year after tax.

He will also retain a percentage of his image rights, expected to be 50/50. The France international recently trademarked several celebrations and quotes he's used throughout his career.

Mbappe will also take home a whopping £128 million signing-on bonus. He's been tipped to take the number 10 shirt at the Santiago Bernabeu, currently held by Luka Modric.

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The Croatia icon is expected to depart at the end of the season, although he may outright retire and join manager Carlo Ancelotti's backroom staff.

Real Madrid are currently in the process of filling their squad with the world's best young talent.

Jude Bellingham, Eduardo Camavinga, Aurelien Tchouameni and Federico Valverde are among the names in midifeld.

In attack, Vinicius Jr and Rodrygo have been tasked with filling the void left by 2022 Ballon d'Or winner Karim Benzema following a summer move to Al-Ittihad.

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Mbappe has been linked with a move to the Premier League, with several top-flight bosses being quizzed about their interest.

Manchester City manager Pep Guardiola joked: "I think he's quite good, I think he has a future."

Meanwhile, Arsenal manager Mikel Arteta said: "When there is a player of that calibre we always have to be in the conversation. But as you said it looks in a different way."