Paris Saint-Germain forward, Kylian Mbappe,has already signed a contract with Real Madrid and will become their highest earner, Marca reports.

Mbappe has already informed the French club that he would not be signing a one-year extension.

This means the 25-year-old will become a free agent at the end of this season.

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It is now understood that Mbappe has already signed a pre-contract agreement with Madrid until 2029.

Mbappe has accepted a lower salary compared to what he is currently earning with PSG, as Real President Florentino Perez felt his arrival could not break up the wage structure in the squad.

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While Mbappe will still be the highest earner at the LaLiga giants, his salary will be around a third of his current £62 million-a-year gross salary.

Real Madrid will also pay the player a signing-on fee below £40 million.

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In exchange, Los Blancos have compromised on image rights, with Mbappe set to earn around 60 per cent of them, which should offset his reduced salary and signing-on fee.