It seems Real Madrid is just standing and watching the fight between PSG and Mbappe, if they continue this fight and PSG sells Mbappe because of not extending his contract, they can hire Mbappe easily which is much better for Real Madrid while if PSG doesn't change their mind, Real Madrid should pay 200m to PSG.
Yes, it seems that the problem is with PSG, who still really want Mbappe to stay at PSG, meanwhile, Mbappe wants to leave by not accepting the contract extension proposed by PSG. Therefore, then of course the big clubs will look forward to a split between PSG against Mbappe and if so, then of course not only Real Madrid are willing to sign Mbappe. But indeed, if Mbappe is still going to choose Real Madrid then of course, it is the right choice even though joining another big club would still be good for Mbappe. But to join Real Madrid, I'm sure it will be the right choice for Mbappe to make a big history with many achievements that are very possible.