Paris Saint-Germain have decided to prepare a mega-money offer to make their star attacker Kylian Mbappe stay for two more years, reported La Parisien on Saturday.
Mbappe has been a long-standing target for Real Madrid in recent years, but a move to the Santiago Bernabeu has yet to materialise.
However, recent reports from multiple news outlets suggested that Mbappe is edging closer to resolving the transfer saga by opting to join Los Blancos on a free transfer when his contract expires at the end of the season.
While Mbappe seems to be nearing a switch to the Spanish capital, PSG remain hopeful of retaining the Frenchman's services.
According to the report of La Parisien, the Ligue 1 champions are prepared to make Mbappe the highest-paid player in Europe.
It is reported that PSG is willing to offer the forward a two-year contract worth nearly £70m after tax for each season.
With PSG keen on keeping their star player, they are also ready to provide guaranteed bonuses and advertising contracts from Qatar.
Earlier speculation suggested that Mbappe had informed Real Madrid of his desire to receive €50m (£43m) annually to join Carlo Ancelotti's side.
There were expectations that Mbappe would announce his intention to leave PSG before the first leg of the Champions League last-16 tie against Real Sociedad on March 5.
However, Real Madrid is reportedly concerned about the delay as uncertainty persists over the player's future.
Despite ongoing speculation, PSG president Nasser Al-Khelaifi remained guarded when asked about Mbappe's future ahead of Saturday's meeting with Lille.
"We will inform you when we have both reached a decision," Al-Khelaifi told reporters at the UEFA Congress in Paris.
While Al-Khelaifi remained tight-lipped, La Liga president Javier Tebas recently suggested that there is more than a 50% chance of Mbappe joining Real Madrid this summer.
Despite the speculation surrounding his future, Mbappe continues to be a pivotal figure for PSG on the pitch, having amassed 30 goals and seven assists in 29 competitive appearances.