Paris Saint Germain may have cost itself $260 million by refusing to allow Kylian Mbappe to leave

• PSG may have cost itself $260 million by refusing to allow Kylian Mbappe to leave.
• The French club ignored Real Madrid's deadline day bid for the superstar striker.
• Mbappe is out-of-contract and can leave for free next summer.

Paris Saint Germain may have managed to keep hold of Kylian Mbappe this summer amid interest from Real Madrid, but it now risks losing him for nothing.

According to Goal, the Ligue 1 outfit rejected two of Madrid's bids in recent weeks, the biggest of which was worth $200 million plus $12 million in add-ons.

On deadline day, PSG then ignored a $260 million bid for the 22-year-old.

While he will remain in Paris for this season, Mbappe is out-of-contract next summer and has rejected six renewal offers, reports Goal.

The 22-year-old is free to sign a pre-contract agreement with Madrid in January to join them on a free transfer next summer.

BBC Sport's Simon Stone says PSG's refusal to sell Mbappe is part of its attempt to win the Champions League for the first ever time.

The club finished as runners-up in 2019/20 before crashing out in the semifinals in 2020/21. This summer, it has signed Lionel Messi, Sergio Ramos, Gianluigi Donnarumma, Achraf Hakimi, Georginio Wijnaldum, and Nuno Mendes to bolster its squad ahead of this season's competition.

"Financially, the decision makes no sense," Stone said of the Mbappe saga.

"But from a footballing perspective - for a club who have signed Lionel Messi and Sergio Ramos, among others, this summer in a determined effort to win the Champions League - it was the right move."

Mbappe joined PSG from AS Monaco in 2017 in a deal worth $180 million, and has since established himself as one of the world's best players.

Mbappe has scored 135 goals in 175 games for PSG and has been top scorer in Ligue 1 in each of the past three seasons.

He also played a starring role as France won the 2018 World Cup.

The forward has again begun the new season in scintillating form, scoring three and assisting two in four matches.

Against Stade de Reims on Sunday, he hit both goals in a 2-0 win which saw Messi make his PSG debut. After the match, manager Mauricio Pochettino said Mbappe was "one of the most important players in the world today."

"It is a gift to have him with us," he said.