Kylian Mbappe confirms he will stay at PSG in £500MILLION deal as French star sensationally snubs Real Madrid transfer

KYLIAN MBAPPE has sensationally snubbed Real Madrid to sign a new Paris Saint-Germain contract worth £500MILLION.

The 23-year-old and PSG chief Nasser Al Khelaifi made the announcement on the Parc des Princes pitch on Saturday instead of on Sunday morning on French TV as planned.

PSG first posted a short video of Mbappe - who scored two goals in the opening 30 minutes against Metz - standing on the roof of the stadium with the message: 'Our history is written... This is Paris'.

The post racked up tens of thousands of likes within minutes of being posted as PSG fans went wild with the news.

Mbappe was then presented in front of his home crowd ahead of the clash with Metz and said: "I’m really happy to continue the adventure here at Paris Saint-Germain. To stay in Paris, my city.

"I hope that I will continue to do what I prefer to with you all… and win titles together! Thanks a lot."

A further Mbappe statement on the read: “I wanted to announce that I have chosen to extend my contract at Paris Saint-Germain, and of course I am very happy about it.

"I am convinced that here I can continue to grow within a club which gives itself all the means to perform at the highest level.

"I am also very happy to be able to continue to evolve in France, the country where I was born, grew up and flourished.

"I would like to thank the President, Nasser Al-Khelaifi, for his confidence, his understanding and his patience.

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"I also have a thought for all the supporters of Paris Saint-Germain, in France and around the world, for their countless expressions of affection, especially in recent months.

"It is together, united and ambitious, that we will make more magic."

Mbappe has been linked with a move to Real Madrid for 12 months, ever since he approached the final year of his contract with the Ligue 1 giants.

He was on the cusp of joining Los Blancos before the 2021-22 season before a £137million bid fell through at the final hour.

But now he has announced the dramatic turnaround and will remain at PSG after signing a new contract worth a reported £500m over the next three years.

It includes a £250m bonus simply for signing the deal and then £85m per year - or £1.6million per week - after tax.

PSG's £198m record signing Neymar said: "Kylian is a star. He is our present and our future.

"I am very happy that he is staying as a player, but also because he is my friend.”

Holding up a shirt with 'Mbappe 2025' on the back, President Nasser Al-Khelaifi added: "I’m proud to give you a beautiful news:

"Kylian Mbappe has signed until June 2025 with Paris Saint-Germain."

However, part of the negotiations saw the striker reveal his discontent with sporting director Leonardo - which could see him replaced by Luis Campos, who Mbappe worked with at Monaco.

Manager Mauricio Pochettino's future is also in major doubt as Zinedine Zidane is eyed as the likely successor.

Mbappe's extension is a startling turnaround after it was reported back in January that Madrid were ready to agree a deal worth £800,000 a week in wages - only half of what he will be on next season.

Real were so confident they would land Mbappe that president Florentino Perez was forced go into the changing room after the draw with Real Betis on Friday to break the news that the Frenchman would NOT be coming to the Bernabeu.

Mbappe, who has been tipped as a future Ballon d'Or winner, joined PSG on a season-long loan from Monaco in 2017.

I am convinced that here I can continue to grow within a club which gives itself all the means to perform at the highest level.

Kylian Mbappe

The Parisian outfit then opted to make the deal permanent the following year, signing him for £165m - second only to the £198m fee paid for Neymar.

And he has quickly established himself as one of the world's best players, scoring 168 goals in 216 appearances.

The trophies he has won in the French capital include four Ligue 1 titles and three French Cups.

However, he is still yet to secure a first Champions League trophy - coming close in 2020 when PSG were beaten in the final by Bayern Munich.

But his contract situation with PSG has made him the most wanted man in world football.

The Ligue 1 champions were always hopeful they could tie him down to a new deal - which they have now finally been able to get over the line.