The 22-year-old is in the final year of his contract with Paris Saint-Germain, and he is set to leave the club on a free transfer next year.
It seems that Real Madrid are still keeping tabs on his situation, and club president Florentino Perez has now revealed that he will have concrete news regarding the future of the French international on January 1.
“In January, we will have news from Mbappe. We hope that on January 1, everything can be solved,” the Real president told (via Athletic).
“We hope that on January 1, everything can be solved.”
If Mbappe refuses to sign a contract extension with PSG before January, he will be eligible to negotiate pre-contract agreements with foreign clubs.
Real Madrid will fancy their chances of snapping him up on a free transfer next summer, and it could prove to be a sensational signing for them.
According to The Athletic, the Spanish club were determined to sign him earlier in the summer and even offered around €160 million.
The report further states that La Liga giants made a second offer of around €180 million.
However, the French outfit turned down the massive bid because they did not have enough time to replace a quality player like him.
Earlier in August, PSG sporting director Leonardo confirmed that Mbappe wants to leave the club.
It remains to be seen whether they can convince the player to change his stance and commit his long term future to the club before the transfer window reopens in January.