Paris Saint-Germain (PSG) has dismissed Real Madrid's interest in signing Kylian Mbappe, according to reports from French media. The French club is reportedly willing to pay up to €150 million for the star forward.

The news comes after Real Madrid made a formal approach for Mbappe earlier this month. However, PSG has reportedly rejected the offer and is now set to continue negotiations with other clubs interested in signing the 22-year-old.

Mbappe has been linked with moves to several top European clubs in recent years, including Manchester United, Liverpool, and Chelsea. However, he has always remained loyal to his home country and has expressed his desire to stay with PSG.

Despite the interest from Real Madrid, PSG is reportedly still considering various options for Mbappe. The club has reportedly been impressed by the performances of other young French players like Nabil Fekir and Ousmane Dembele, who have also shown potential in recent seasons.

It remains to be seen how the situation will develop in the coming weeks and months. However, it seems that Mbappe will likely remain with PSG for the foreseeable future, given the financial commitment that PSG has already made to him.