Actually, for the current conditions, the news about Mbappe is also complicated by the confusion of several media that always report but without any clarity.
Now it is rumored that apart from Madrid there are Liverpool who are ready with 200 million but on the other hand we are also still waiting for the ultimatum to be carried out whether it will indeed make Mbappe change his mind to stay at PSG or not.
Now it is said that there are 14 days to think about this for Mbappe but if in the end the possibility of him leaving then Madrid and Liverpool if the news about them being ready to spend 200 million is true then it will be the strongest candidate for Mbappe's future club.
The news about Mbappe cannot be said to be all true because all writers seem to attract readers with some interesting titles they make. But behind that we have to see a certainty that PSG will sell Mbappe in this transfer window if Mbappe does not extend his contract. PSG have made that decision and it is likely that they will soon make an official announcement in this transfer window. I think PSG would be willing to have their star player go to another club if another team can afford him for the price they want.
Not only Real Madrid, it is possible that several big teams that have financial strength will try their luck in submitting an official offer to PSG if it is true that PSG have released Mbappe as a player ready to be sold. Well for now the team from saudi arabia has a stronger budget too most likely they will enter in the race for Mbappe.