Mbappe takes £8.5m pay cut to join Madrid but will be paid over £85.5m as bonus

Kylian Mbappe has agreed to take a massive pay cut to join Real Madrid this summer.

The 25-year-old, who earns 25m euros net in Paris, will clear 15m euros net a season at Madrid, still making him the club’s top earner despite the huge salary cut.

Mbappe has agreed terms with the Spanish club although neither Paris Saint-Germain nor Madrid will make any formal statement while both could still meet in the Champions League.

Despite losing out in terms of basic wage Mbappe will be paid a sizeable signing on fee understood to be over 100m euros and will keep an 80 per cent share of image rights on any new commercial deals he signs after becoming a Madrid player. This breaks from the normal 50-50 split the club usually imposes on new players.

Mbappe is expected to wear Luka Modric’s number 10 shirt next season with the Croatian 38-year-old not being offered a new deal.

Marca reported on Tuesday that Modric has been offered the opportunity to stay at the club as part of Carlo Ancelotti’s coaching staff.

Confirmation in Madrid of the club’s capture of Mbappe ends their seven-year pursuit of the French World Cup winner. His decision to leave Paris for Madrid has been welcomed in the Spanish capital as the final piece in the puzzle for Ancelotti to lead a team that can dominate European football for the next decade.

But another former French World Cup winner Emmanuel Petit has cast doubts over the wisdom of Madrid signing his compatriot.

Petit said: ‘If Mbappe goes to Madrid that could be a problem. Not only in terms of salary in the dressing room, but also in terms of leadership. Bellingham has been incredible, as has Vinicius, and if he goes to Madrid, he will have to play as a (central) striker and we all know this is not his best