Kylian Mbappe has signed a contract to join Real Madrid on a free transfer after his Paris St-Germain deal expires on June 30.

Kylian Mbappe
Kylian Mbappe

The France captain verbally agreed to move to the Bernabeu in February and announced in May that he would leave PSG at the end of the season.

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Now 25, Mbappe has signed with Real Madrid and will move to Spain when the La Liga transfer window opens on July 1.

BBC.co.uk reports that the 2018 World Cup winner has agreed to a deal with Real Madrid until 2029. He will earn 15 million euros (£12.8 million) a season and receive a 150 million euro (£128 million) signing-on bonus paid over five years. Additionally, he will retain a percentage of his image rights.

Madrid, still celebrating their record 15th Champions League title, are expected to announce the deal next week and plan to formally present Mbappe at the Bernabeu after Euro 2024.

Mbappe will have the opportunity to play alongside Luka Modric, who is set to sign a new one-year extension with the club.

Modric, 38, came on as a substitute as Madrid won their 15th European Cup title with a 2-0 win against Borussia Dortmund at Wembley on Saturday.

The former Tottenham midfielder’s current deal expires later this month, but he is expected to stay for another 12 months.

German midfielder Toni Kroos, 34, made way for Modric with four minutes remaining in his final appearance for the club after 10 years.

Real Madrid will hold a trophy parade through the Spanish capital on Sunday night to celebrate their record-extending success.