Whenever we hear about Mbappe's transfer, the name Real Madrid comes to mind. But this matter needs a lot of time to be clear. Because Mbappe will continue with PSG until next June 2024. When he will change the team then the matter will be cleared. Because it is a long time. We've heard various kinds of news about Messi but finally he take the decision. It is almost certain that Mbappe will change the team. However, after observing the financial aspects and his career, it can be assumed that he will join Real Madrid.
If you are saying that Mbappe will join Real Madrid next year, that means he is going to join them as a free agent and psg would not get any money from his move there. Psg would not let that happen, that is why they are trying to force him to extend his contract, because if he does not extent it, there is a possibility that Mbappe who is the most valuable player in the world would leave for free, that will be a huge loss for psg, so i don't feel they will let it to happen. If Mbappe does not agree to the extension of his contract, psg may be forced to sell him this summer.
Yes you are right, PSG has no many choices extending the contract or release it to Madrid I think we all know the right choice if the contract is not extended
Another rumor is related to the problem between PSG and Madrid reportedly the two teams are not in good condition so PSG prefers to release mbappe to another team anyway except Madrid while Mbappe himself prefers move to Madrid, looks like a complicated agreement here.