Real Madrid had courted Mbappe in the past but failed to land the player, who signed a contract extension with PSG in May 2022 when the Spanish club had a bid rejected.
All the action from football matches played in Europe on Wednesday
LaLiga leaders Real Madrid's pursuit of a record-extending 36th Spanish title
A Dani Carvajal strike in the ninth-minute of stoppage time rescued Real Madrid, earning them a 3-2 comeback win at home against bottom side Almeria on Sunday in a frantic LaLiga tussle that was marked by VAR controversy.
Piotr Zielinski converted two penalties for Inter Milan as they played out a thrilling 4-4 draw with Juventus.
Roundup of the matches being held across major football leagues in Europe
'But I think it is time. I'm not driven by financial matters, but by my heart. I think it's the best thing for the club. I don't want to be a problem for the club in my heart.'
IMAGES from the UEFA Champions League matches played on Wednesday
Mbappe says playing for Real Madrid will complete childhood dream
Girona reclaimed top spot in LaLiga after beating champions Barcelona 4-2
Barcelona striker Robert Lewandowski scored twice to set his side on course for a 5-0 Champions League thrashing of Swiss side Young Boys on Tuesday as the Catalan giants bounced back from a 2-1 loss at AS Monaco in their opener.
Barcelona have appointed former German national team and Bayern Munich manager Hansi Flick as head coach on a two-year contract, the LaLiga club said on Wednesday.
A stoppage time header by fullback Lucas Vazquez earned 10-man Real Madrid a 1-0 victory at lowly Alaves.
All the action from La Liga and Serie A matches played on Monday
Real moved to 57 points, two ahead Girona and 10 clear of Atletico Madrid and Barcelona.
Croatian forward Ante Budimir scored twice to help Osasuna earn a shock 4-2 home win over leaders Barcelona.
Four men were arrested in Madrid, police said, three of whom were members of "a radical group of fans of a Madrid club", who were previously flagged during matches as "high risk" to help curb violence during games.
Spain manager Luis de la Fuente left Barcelona's 17-year-old defender Pau Cubarsi and midfielders Marcos Llorente and Aleix Garcia out of his 26-man squad
Ukraine will face Belgium, Romania and Slovakia in Group E. Although the Belgians are the group favourites, Ukraine are well-equipped to reach the knockout stage by finishing second.
A summary of the concluding day's action in the German Cup, French Cup and La Liga.
Real Madrid fought back from two goals down as Vinicius Jr grabbed a hat-trick in a thrilling 5-2 win over visitors Borussia Dortmund in the Champions League.
His contract was due to expire in 2024, and this extension ends speculation that Ancelotti would take over as manager of Brazil.
Inter Milan captain Lautaro Martinez struck a last-gasp goal to snatch a dramatic 1-0 win over 10-man Napoli as they claimed their third successive Italian Super Cup title on Monday.
Leeds reach Championship play-offs final with 4-0 win over Norwich
Colombian super-sub Jhon Duran scored two late goals as Aston Villa salvaged a 3-3 home draw with Liverpool.
France captain Kylian Mbappe has agreed to join Real Madrid on a five-year deal.
On Thursday, Vinicius called on UEFA, Europe's soccer governing body, to punish Atletico for alleged racist chanting ahead of their team's Champions League match against Inter Milan on Wednesday.
Barcelona made a disappointing start to their Champions League campaign by losing 2-1 to AS Monaco on Thursday.
Barcelona will begin their Spanish league title defence away to Getafe on Aug. 13 while Real Madrid visit Athletic Bilbao the same weekend.
Juventus climb to top of Serie A with win over Lecce
Barcelona have won the Champions League five times, most recently in 2015, and face a tough task to get back to the top table of European football after being forced to sell club legend Lionel Messi due to financial problems.
Girona's Castellanos hits Real Madrid for four in fresh blow to title hopes
'Leo wants to return to Barca and I would also like him to return'
Real Madrid star Vinicius racially attacked for 10th time this season.
Arsenal took the race to the final day last season and are strongly tipped to end Manchester City's dominance this time.
France great Henry says battled depression throughout career
All the action from soccer matches played in Europe on Monday.
'I expect a brave Napoli that plays from the back and presses high, that doesn't speculate, has a lot of individual talent, it's a big game and it's a great team, current champions of Italy.'
IMAGES from football matches played across Europe on Wednesday.
Ernesto Valverde's Bilbao team punished the visitors with clinical counter-attacks, playing with the advantage of having won the first leg 1-0 in Madrid.