Arsenal and Chelsea put on Kylian Mbappe transfer alert amid Real Madrid statement and FFP impact

Kylian Mbappe remains a topic of conversation for everyone in the footballing world and even as Real Madrid lifted the Spanish Super Cup on Sunday it was his name that was on the lips of some. Los Blancos crushed arch rivals Barcelona in the final in Saudi Arabia and are currently second in La Liga with the chance to go top after their game in hand, yet it is Mbappe who dominates headlines still.

The Frenchman has widely been expected to move to the Santiago Bernabeu once his deal at Paris Saint-Germain ends as a long-term admiration for the player has been made quite clear. Now, with just six months left on his current contract, talk of a move has never been so rife.

Clubs across Europe can negotiate a pre-agreement for Mbappe to join in the summer for free, a once-in-a-lifetime opportunity for most as one of the hottest properties on the market becomes available. It all comes after he was banished from the PSG squad under Luis Enrique over the summer.

Things have changed now and the prospect of delivering yet another Ligue 1 title as well as progression in the Champions League means that his exit is currently on the backburner, but only to those at PSG. Elsewhere his name is unescapable.

Even Madrid president Florentino Perez, who wishes to make Mbappe the latest in a long line of Galactico signings, has been asked about the 25-year-old. «It's not the day to talk about Mbappe, it's the day to congratulate the players we have, not those other teams have,» he said after the Super Cup success.

PSG themselves have been coy on the subject but fellow president Nasser Al-Khelaifi did also open up on Mbappe's future earlier this month. “I have a gentleman's agreement with Kylian Mbappé," he told RMC Sport. «It’s between Kylian and