Last what I heard was that Mbappé wants to leave PSG. And PSG is also interested in selling him right now. Because PSG knows very well that if they wait they might have to let Mbappé go for free. That is going to be a big loss for the club.
I know the owner of PSG is a very rich man. So probably he can take that loss. But honestly, no one wants to lose 200 million for nothing. Well, at least 150 million. And it is almost certain that if they wait and try to get a contract extension they will lose Mbappé for free. They will probably try, though. The only thing they have been trying, and also being successful with that, which is trying to keep Mbappé in the squad by offering a huge amount of money.
Regards
Duke
150 million euros can be paid directly in cash by Real Madrid, because this season alone Real Madrid has prepared a fund of 400 million euros to create new Galacticos. there is still a lot left from buying Jude Bellingham. Real Madrid's rival in buying Mbappe is only Man United, who will be acquired by Seikh Jasim, and even then if Mbappe accepts the negotiation.
Only PSG are confused, because on the other hand they were lied to by Mbappe in his contract extension yesterday, Mbappe's chances of moving to Madrid should be 80% in this transfer window. But if not, then next season Mbappe's status will be free.