Mbappe's contract discussions sure have PSG on edge. If he moves to Real Madrid, PSG could take a financial hit. But, he's signaled he's staying with PSG next season, even though what's next is up in the air. That gives PSG some wiggle room and might make Madrid think twice. Madrid got Joselu and Diaz back, but they're no substitute for Mbappe. Fans are all over this juicy football drama
The offer made by PSG to Mbapee at that time was very tempting and very profitable for Mbappe. especially because of several other things that made him stay at PSG. Likewise this season, he still has a contract at PSG and he is still staying there. There is no discourse yet if he will actually go to Real Madrid unless his contract ends later.
In this case, Real Madrid is also targeting several other potential and talented players who fit Real Madrid's criteria or play. After Bellingham, there are several more names being discussed for a forward, a replacement for Benzema. But everything is still a rumor.