The 24-year-old was supposed to join Los Blancos on a free transfer last summer, but he ultimately opted to sign a new contract with terms extending until June 2025.
There is information that there is a clause in the contract that allows Mbappe to leave on a free transfer at the end of the 2023/24 season. Even Real Madrid will make a second attempt to bring the French international to the Bernabeu next summer.

Mbappe can continue to stick with PSG.
In addition, Mbappe is said to be open to a move to the Spanish capital this summer. After reaching an agreement to recruit Jude Bellingham, Real is said to restart the Mbappe deal.
However, Marca asserts Los Blancos have no intention of asking for Mbappe at this time. They put their full faith in Vinicius Junior, so they do not want to inhibit the development of the Brazilian player.
In fact, Vinicius played stably in the past 2 seasons. He, along with Karim Benzema, was an important trigger for Real Madrid to succeed in the Champions League.
Tieu Lam | 18:49 05/14/2023