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Only if mbappe wants it. The problem is mbappe unwilling to leave from the club until his contract expired. PSG had no choice other than keeping him for another season.
So many parties are suggesting PSG to sell mbappe but the problem is the process to sell him is not as simple as people said. It will go through complicated process to make mbappe to do personal agreement to leave from the club.
That is the main reason why PSG is not yet determining the future of him in the club.
Except, if Manchester United was successfully acquired by the Qatari side. thus, Mbappe's move to United could happen. although the possibility is very small, but before that the Qatari party had said that if United had been acquired they would target 5 stars at once. unfortunately, so far there is no certainty regarding the progress of the agreement from Glazer and Sheikh Jassmin. maybe that's why, PSG haven't decided anything yet. but I believe this process is being considered by PSG management.
On the contrary, in fact Madrid could have personally approached Mabeppe if he really needed his services. after all, PSG's contract remains only one season. that means, Madrid can make an agreement with PSG regarding the price to bring him to the Santiago Bernabeu. that way, Madrid doesn't have to bother signing Harry Kane at a very fantastic price. I'm pretty sure, even though Mbappe has stated that he wants to stay with PSG until his contract expires. but what is certain, PSG will not let them want it or not they will try to sell him. I think, this is the time for Madrid to bring him but with the condition that the price can be mutually agreed upon.