Paris Saint-Germain have rejected Real Madrid's offer for striker Kylian Mbappe, according to a report.
It emerged last week that the Spanish club were launching a late bid for the 22-year-old, but he now appears to be staying in France.
Real Madrid have offered €170m (£145.8m) for Mbappe plus €10m (£8.6m) in add-ons, which would have matched the transfer fee that PSG paid for him from Monaco in 2018.
However, according to Marca, the French side will not accept that offer as they believe he is worth much more, despite having just one year left on his contract.
The report emphasises that PSG's sporting director Leonardo has made it clear that the striker would only leave on their terms.
Mbappe scored twice in PSG's 2-0 win over Reims in Ligue 1 on Sunday night.
