A deal between Mbappe and Real Madrid is being discussed a lot but so far nothing can be said for sure whether Real Madrid will finally sign Mbappe. The summer transfer market won't be open for long so it's probably during this period that Real Madrid will decide on the next player they sign for their squad.
This rumor is still hot, and it is certain that it will often be discussed because Real Madrid, if they have Mbappe will definitely be able to get many more titles in the coming seasons. As for Mbappe, he has a higher chance of getting many awards, one of which might be the Ballon d'or. But those are all rumors only, also Mbappe doesn't want to leave PSG, although in the future there is a possibility.