Real Madrid agree world record £160m for Kylian Mbappe

Monaco’s Kylian Mbappe is expected to join Real Madrid for a world record fee

Real Madrid have reportedly agreed a world record fee of £160million for the signing of Kylian Mbappe from Monaco.

The Spanish giants will pay €160m (£143m) up front and a further €20m (£17m) in add-ons for the young hotshot France international, according to Spanish newspaper Marca.

Assuming Neymar does not leave Barcelona for a mooted move to Paris Saint-Germain, said deal would break the huge £89m figure that Manchester United paid for Paul Pogba last summer.

He would be offered a six-year contract by the Champions League holders and would earn €7m (£6.2m) annually in the agreement or £119,000-per-week.

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Manager Zinedine Zidane gave his approval to the agreement this week after a meeting between Mbappe, president Florentino Perez and director general Jose Angel Sanchez.

Real lost striker Alvaro Morata to Premier League side Chelsea last week.

Mbappe previously feared he would not feature in Real’s first team but during conversations with Zidane he was assured of a place in the starting line-up.

That has convinced him to forgo another season at Monaco and instead make the switch to Real this summer.

Sportsmail understands Manchester City upped their interest in the 18-year-old in recent weeks.

They are believed to be one of the clubs Monaco accused of tapping up Mbappe.

But Marca are reporting that City are aware an agreement has been reached between Real and the principality club and have therefore given up on a deal.

Mbappe scored 15 league goals in 29 appearances as Monaco won Ligue 1 last season.