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According to the Club Report, despite previous claims by the Spanish media outlet "Marca" stating that Mbappé has already signed with Real Madrid, a source from within Real Madrid clarified that nothing has been finalized yet. However, negotiations between the two parties have been progressing smoothly, and they have reached an agreement on the main terms of a five-year contract.

Some insiders believe that if Mbappé fails to reach an agreement with Real Madrid and sign a contract before the end of the season, it would pose a risk if the player were to sustain an injury before the season concludes.

The Club Report also points out that there has been no agreement reached between Mbappé and Real Madrid regarding the distribution of image rights. Previously, when stars like Beckham, Figo, Zidane, and Ronaldo joined Real Madrid, they were required to relinquish 50% of their image rights, and this clause was non-negotiable. However, the Club Report anticipates that Mbappé will receive over 50% of his image rights, with the "Daily Mail" reporting that Mbappé could receive 80% of his image rights. Previously, Ronaldo was the only player to possess more than half of his image rights, holding 60% while Real Madrid owned 40%. During negotiations with Real Madrid in 2022, Mbappé had requested to retain 100% of his image rights.

In 2022, Mbappé had a disagreement with the French Football Association over image rights and refused to attend a marketing event co-sponsored by several sponsors of the French national team, as he did not want his image associated with brands he did not endorse.

The Club Report indicates that Mbappé's potential annual salary upon joining Real Madrid will be significantly lower than his current salary at Paris Saint-Germain, where he earns €72 million annually. However, it is expected that Mbappé's annual salary at Real Madrid will range from €30 million to €35 million before tax, differing from the €50 million proposed during negotiations in 2022. This is because Mbappé's contract expires this year, and he wishes to leave the club, while Real Madrid president Florentino also wants to ensure that there is not too large a discrepancy in player salaries. In addition to the annual salary, Mbappé's income will increase through various bonuses tied to goals scored, appearances, collective honors (such as La Liga or Champions League titles), or individual accolades (such as the Ballon d'Or). Previously, Ser Radio reported that Mbappé's annual salary was around €14 million after tax, with bonuses allowing him to earn €30 million annually over five years.

The Club Report suggests that Mbappé will also receive a signing fee, expected to exceed €100 million, with "Marca" reporting that Mbappé's signing fee for joining Real Madrid is approximately €130 million.