Paris Saint-Germain (PSG) has rejected a bid from Real Madrid for Kylian Mbappe, according to reports in France. The French club is reportedly valuing the star forward at $1.5 billion.

Mbappe has been linked with a move away from PSG over the past few years, with Real Madrid and other European giants keen on securing his services. However, it seems that the club is not willing to sell its prized asset to the Spanish champions.

The report states that PSG is demanding a transfer fee of €200 million ($247 million) plus another €100 million ($118 million) in add-ons, which would bring the total valuation of Mbappe at $1.5 billion.

Despite this, Real Madrid is reportedly prepared to meet PSG's demands, but only if they can sign other players in exchange. The club is said to be keen on signing a new striker and defender to strengthen its attack and defense, respectively.

This latest development comes after PSG made a successful bid for the services of Neymar Jr., who joined the club from Barcelona for a record-breaking fee of €222 million ($246 million). With Mbappe now added to the mix, it will be interesting to see how PSG approaches negotiations with potential suitors for the star forward.