Kylian Mbappe is reportedly holding out for an improved contract offer from Real Madrid, despite Paris Saint-Germain tabling a two-year extension worth £125m (€150m).
The 23-year-old's current contract at the Parc des Princes is set to expire in June, and he is now free to negotiate pre-contract agreements with foreign clubs.
Real Madrid have been heavily linked with Mbappe and they are believed to be the frontrunners for his signature, but the forward is yet to make a decision on his future.
Mbappe told reporters after PSG's 5-1 Ligue 1 win over Lorient on Sunday that there are 'new elements' that will determine who he will play for next season.
Spanish journalist Guillem Balague claims that these 'new elements' refer to the financial aspects of his proposed new contract, with the forward hoping that Real Madrid will offer more than the £125m (€150m) PSG are willing to pay the Frenchman over the next two seasons.
Balague adds that Mbappe, who has recorded 160 goals and 81 assists in 209 appearances for the Parisian outfit, would prefer to move to the Santiago Bernabeu this summer.
PSG and Real Madrid are believed to be the only two clubs in the race for Mbappe's signature, despite one report claiming that a third club had expressed their interest.
Oliver Thomas
