Real Madrid confirm signing of Mbappe from PSG

Real Madrid have announced the signing of Kylian Mbappe from Paris Saint Germain (PSG) FC.

The Spanish club confirmed the arrival of the French attacker in a statement on its website on Monday.

Mbappe penned a deal that would see him play at the Santiago Bernabeu Stadium until 2029.

He is expected to receive a signing-on bonus of just over £85 million from the Galacticos. The fee will be paid in instalments throughout his contract.

“Real Madrid CF and Kylian Mbappé have reached an agreement whereby he will be a Real Madrid player for the next five seasons,” the statement said.

The announcement drew close to a transfer saga which expanded over two years.

Real Madrid were committed to signing Mbappe in 2022, but the Frenchman agreed to a new two-year deal with PSG.

The extension with PSG happened after the involvement of Emmanuel Macron, the French president, in the negotiation.

Mbappe had announced his departure from PSG last month. He joined the French champions from AS Monaco in 2017.

The Paris club spent €180 million on the player when he was 18, making him the most expensive teenager in football history and the second-most expensive footballer ever after Neymar.