Real Madrid have pulled out of negotiations to sign Kylian Mbappe, according to reports.
The PSG forward was the subject of interest from the Spanish club this summer, but they have now admitted defeat in their attempts to sign him before the transfer window closes at 11pm BST on Tuesday.
Their best offer was worth around £146m plus £8.5m in add-ons - a significant sum for a player who will be a free agent in 10 months' time.
PSG deemed it insufficient, though, and their failure to accept Madrid's final bid means the deal is now off the table, reports RMC Sport.
The French outlet adds that while he is disappointed not to have sealed a switch to the Estadio Santiago Bernabeu, Mbappe accepts PSG's decision.
Losing the Paris-born forward, who is widely considered to be a future Ballon d'Or winner, would certainly be an embarrassing event for PSG.
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