Kylian Mbappe Joins Real Madrid on Five-Year Deal: Learn Further About His Contract Details

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Real Madrid has officially announced the signing of Kylian Mbappe on a free transfer following the expiration of his contract with Paris Saint-Germain. The 25-year-old France captain, who holds the record as PSG's top scorer with 256 goals in 308 appearances, has inked a five-year deal with the Spanish giants, earning €15 million (£12.8 million) annually after tax.

Mbappe's move to Real Madrid includes a substantial signing-on bonus exceeding £85 million, which will be disbursed in installments over the duration of his contract. The announcement came just two days after Real Madrid clinched their 15th Champions League title, securing a remarkable double by also winning LaLiga.

In a succinct statement, Real Madrid confirmed the acquisition: "Real Madrid CF and Kylian Mbappe have reached an agreement whereby he will be a Real Madrid player for the next five seasons."

Mbappe echoed his enthusiasm on social media, sharing childhood photos of himself in a Real Madrid kit and expressing his excitement: "A dream come true. So happy and proud to join the club of my dreams, Real Madrid. Nobody can understand how excited I am right now. Can't wait to see you, Madridistas, and thanks for your unbelievable support. Hala Madrid!"

Real Madrid's pursuit of Mbappe has been a long-standing saga, with the club previously attempting to secure his services in 2022. Despite committing to a two-year extension with PSG then, Mbappe chose not to trigger a one-year extension option, allowing him to leave the Parisian club on a free transfer this summer. This move comes six years after PSG paid £166 million to Monaco for his transfer.

Mbappe's departure from PSG, which he announced last month, significantly reduces the club's financial burden, freeing up at least €220 million (£187.5 million) in gross costs. The move to Real Madrid ends years of speculation and transfer drama surrounding the French forward.

Mbappe's journey with Real Madrid began as a youth when he went for a trial with the U12s side but chose to stay in France on his parents' advice. The pursuit intensified in 2017 when he was at Monaco, but PSG managed to hijack the deal.

After years of anticipation and near misses, the French star's arrival at Real Madrid is finally a reality, bringing a new chapter in his illustrious career and promising exciting times ahead for Los Blancos and their fans.