Kylian Mbappe officially signs contract extension at PSG

It's now official: Kylian Mbappe will be staying with Paris Saint-Germain, with his renewal agreement being made official in a statement released by the Parisian club on Saturday evening.

Ahead of the Ligue 1 clash with Metz, Nasser Al-Khelaifi and Mbappe joined each other on the pitch to make clear to the supporters that the 23-year-old is staying at the Parc des Princes.

"I would like to announce that I have chosen to extend my contract at Paris Saint-Germain, and of course I am delighted," Mbappe told PSG's official media.

"I am convinced that here I can continue to grow at a club that provides everything necessary to perform at the highest level.

"I am also delighted to continue to play in France, the country where I was born, where I have grown up and where I have made my name.

"I would like to thank the president, Nasser Al-Khelaifi, for his trust, his understanding and his patience.

"I would also like to thank all the fans of Paris Saint-Germain, both in France and around the world, for their support, especially in recent months.

"Together, side by side and ambitious, we will make magic in Paris."

Few anticipated such an outcome as recently as one week ago, with it clear that Real Madrid and Mbappe had reached an agreement on the terms of his contract at the Estadio Santiago Bernabeu.

This agreement included a significant salary, a signing-on fee of 130 million euros and total control of his own image rights.

It was a contract never before offered by Los Blancos, yet Mbappe and his entourage were swayed by political pressure from Qatar and France, and he kept channels of dialogue open with PSG throughout the entire process.

Impact of Mbappe's renewal

PSG have acquiesced to all of Mbappe's demands and he now finds himself in a position of incredible power at the Parc des Princes.

A new sporting director will replace Leonardo as per Mbappe's instruction, and there may also be another coach appointed to replace Mauricio Pochettino, and the forward will have an input in that process too.

Doubts grew in Madrid on Saturday morning after rumours emerged on Friday night that Mbappe wouldn't be coming to the Spanish capital, and there is now a feeling of anger within the club at how the player used Los Merengues.

Florentino Perez had never before made such concessions to a player, and he even moved away from signing Erling Haaland in order to focus all his efforts on Mbappe.

Perez has now been left with neither player, and will have to console himself with potentially winning the Champions League against the odds in Paris next Saturday, May 28.