Real Madrid have made an improved bid of £145.6m (€170m) to sign Paris Saint-Germain forward Kylian Mbappe.
The La Liga club’s initial offer of £137m (€160m) was rejected by PSG on Wednesday.
PSG signed Mbappe from Monaco in 2018 in a €180m deal (£166m at the time) but in actual fact, they have so far paid only €145m to the Ligue 1 side for the France international.
Another €35m (£30m) will be due when the club renews Mbappe’s deal, which expires in the summer of 2022, or decides to sell him.
The 22-year-old has so far refused to agree to a contract extension at the Parc des Princes and has told PSG it is his dream to play for Real Madrid, who have been linked with a move for him throughout the summer.
PSG’s president Leonardo confirmed to French broadcaster RMC Sport on Wednesday the first £137m offer for Mbappe had been knocked back, and the forward will only depart the Parisians if it is on their terms and if the correct conditions are met.
Mbappe has scored 17 goals in 43 caps for France
The former PSG midfielder said: “Kylian wants to leave, it seems clear to me. If Real Madrid makes an offer, it seems clear to me… I am taking a position which I think is clear to everyone. If he wants to leave, we are not going to hold him back, but it will be on our terms.
“Kylian always promised that he would never leave the club for free. That’s what he’s always told us.
“We have no plans to talk to Real Madrid again. The deadline is August 31 at midnight. That’s how the transfer window is, but we are clear about this: we want to keep him and extend his deal. But we’re not going to let him go for less than what we paid for him, when we still owe Monaco money.”
Mbappe would also be able to sign a pre-contract agreement with Real on January 1 2022, if negotiations are drawn out beyond the end of the current window.
The 2018 World Cup winner has started all three of PSG’s Ligue 1 games so far this season and scored in the 4-2 win over Brest last Friday.
Mbappe arrived at the club from Monaco in 2017 on an initial season-long loan before making his stay permanent a year later.
He has scored 133 times and made 63 assists in 174 games in all competitions since joining and has helped them towards 11 major domestic honours, including three Ligue 1 titles.
Real Madrid have incurred an estimated £257m (€300m) in losses due to the coronavirus pandemic and David Alaba, who joined on a free transfer earlier this summer after his deal at Bayern Munich expired, is the only addition to their squad so far during the current transfer window.
Meanwhile, PSG pulled off the signing of Lionel Messi earlier in August, while Achraf Hakimi, Sergio Ramos, Gianluigi Donnarumma, and Georginio Wijnaldum have also joined Mauricio Pochettino’s side.