That's correct, the valuation on Kylian Mbappe is Insanely crazy, Real Madrid shouldn't make such a useless move for Kylian Mbappe, besides they once did and saw him turning them down. He missed his chance, now everything's difference and difficult to get him.
Good example you gave there, Real Madrid spent too much on Eden Hazard and finally got no service from him. I hope they get to learn from that.
This time, Real Madrid is careful enough to spend a lot of money again, even though it was to bring in Mbappe, one of RealMadrid's dream players and targets for the past few seasons. But unfortunately, Real Madrid has also spent a lot of money to bring in young players before, which incidentally is expensive but still young. And right now, they still need several players for other positions. With such a high price that PSG expects, maybe yes, it's a little difficult to get Mbappe at the moment, unless PSG wants to lower the price again and reach an agreement, than they have to lose Mbappe at future transfer window.
Talking about Mbappe and Madrid is like a tug of war because indeed seeing from the current conditions, even Madrid must want this player but they are still hindered by prestige, especially before they were also shamefully rejected.
Now to bring Mbappe their rivals are not many but it is indeed the condition of money that weighs.
Madrid could have brought him directly at the price required by PSG, it's just that FFP will also definitely glance at this, especially with the previous purchase of Jude with more than 100 million and Arda Guller, of course this will be a little depressing for them if Madrid is not really thick in finance. But I still believe in Madrid if they want to immediately quickly bring Mbappe.