Real Madrid have announced the signing of Kylian Mbappe on a free transfer after the France captain left Paris Saint-Germain.

The 25-year-old, who is PSG’s record goalscorer with 256 goals in 308 appearances, has signed a five-year contract at the Bernabeu worth €15m (£12.8m) a year after tax.

He will receive a signing-on bonus of just over £85m from Real, who will pay the fee in instalments over the duration of his contract.

The 2018 World Cup winner joins just two days after Carlo Ancelotti’s side won their 15th Champions League title to clinch the double, having also been crowned LaLiga champions.

A one-line statement from the European champions announcing Mbappe’s arrival said: “Real Madrid CF and Kylian Mbappe have reached an agreement whereby he will be a Real Madrid player for the next five seasons.”

Mbappe then posted on social media with pictures of himself as a kid wearing a Real Madrid kit and expressed his joy at joining the European champions.

He said: “A dream come true. So happy and proud to join the club of my dreams, Real Madrid.

“Nobody can understand how excited I am right now. Can’t wait to see you, Madridistas, and thanks for your unbelievable support. Hala Madrid!”

The Spanish giants have been long-term admirers of Mbappe and tried to sign him in 2022, but the forward committed to a new two-year deal at the Parc des Princes.

But Mbappe refused to activate a one-year extension in his PSG contract which allowed him to move for nothing this summer, just six years after costing the French club £166m from Monaco.

Mbappe’s departure, which he announced last month, has freed up at least €220m (£187.5m) of gross cost to PSG.

“There’s a bit of a collective sigh of relief that finally it’s over. They are finally coming together and hopefully it will be a harmonious union between Mbappe and Real Madrid.

“This saga has rumbled on for so long now that every single summer it was all about: ‘Here we go again, is this finally the summer he is going to come?’

“Everybody knew it was inevitable that Mbappe was coming to Real Madrid. It was just a matter of when.

“Real Madrid have been trying for so many years, it even began when he was 11 years old when he went to the club for a trial with the U12s side. He decided not to stay because his parents felt he was better off staying in France to grow and develop.

“In 2017, that was the real first time they came in for him when he was at Monaco. It didn’t work out as PSG came in and hijacked the deal. It’s been on and off again for the last seven years. It really is happening this time.

“But there is also a little bit of apprehension about this deal because it was such a big blow in 2022, when Real really thought he was coming, but he decided to snub them and stay in Paris.
“It left a lot of Madridistas very broken-hearted, disappointed and angry – even people at the club as well.”

“Ultimately it will depend on what Carlo Ancelotti wants to do from a tactical point of view.

“Yes, there is a pecking order of sorts but of course you are going to go with the best players that you have available.

“Let’s work under the premise that Ancelotti is going to stick with a 4-4-2 next season, with Jude Bellingham at
the top of the midfield diamond, though really Bellingham can do whatever he wants on the pitch.

“That means Vinicius and Mbappe can start in a two-pronged attack, like what Vinicius and Rodrygo have been doing this season.

“Vinicius has really made the left-hand side his. That is his best position. Rodrygo is more tactically flexible – he can play on the right, left or as a No 10.

“So there are lots of options. He could play 4-3-3, with Mbappe in the middle and Vinicius and Rodrygo on the wings. But that means he would have to sacrifice a midfielder and they are so stacked in that area. I don’t see that happening too often.”

The 2024 summer transfer window in the Premier League officially opens on Friday June 14 – the same day that Euro 2024 starts.

The window will close on August 30 at 11pm UK time.

The Premier League has brought forward Deadline Day to link up with the other major leagues in Europe. The closing dates were set following discussions with the leagues in England, Germany, Italy, Spain and France.