Paris Saint-Germain has rejected Real Madrid's bid to sign Kylian Mbappe for €150 million, according to reports in French media.

Mbappe, who is valued at over €220 million and is currently with Paris Saint-Germain, has been linked to a number of high-profile clubs including Manchester City and Chelsea. However, he has repeatedly stated that he wants to stay with PSG and has refused to accept any offers from other teams.

Real Madrid have made multiple attempts to acquire Mbappe in recent years, but have always been unsuccessful due to his high valuation and the fact that he is currently under contract with PSG until 2024. The club has now decided to move on to other targets, such as attacking midfielder Eden Hazard or forward Kevin De Bruyne.

The rejection of this bid comes after PSG had already agreed to sell Mbappe to Manchester City for £80 million (approximately €96 million) in January. This deal was finalized on February 1st and will see Mbappe join City in June.

Overall, the rejection of Real Madrid's bid is seen as a positive development for both clubs, as it allows them to focus on developing their own talent and maintaining their positions in the transfer market. It also sets up a potential future clash between PSG and Real Madrid, as they continue to compete for top players in European football.