Arsenal, Manchester United and Liverpool have all been strongly linked with a move for the prolific forward who is rated the one of the best young talents in Europe.
The 18-year-old scored 26 goals last season and played a major role in helping Monaco win the Ligue 1 title.
But reports in France are now suggesting that a move to Madrid could be his likely destination after Perez held discussion with Mbappe’s father who is believed to be a major influence on where the young star will be playing his football next season.
French TV programme Telefoot claims Perez explained to Mbappe’s father what role his son would have in Zinedine Zidane’s team and how he could progress up the pecking order and become a major star at the Bernabeu.
The Madrid president believes a move to Spain would be the best option for him at this stage of his career and they are prepared to make him one of the best paid players in Europe.
Monaco are doing everything in their power to keep the teenage superstar and are reported to have offered Mbappe a 900 per cent wage increase to remain with the French champions.
With the World Cup Finals taking place next summer, Mbappe wants to ensure he is playing regular first-team football and that could be persuade to remain with Monaco for another season.
Arsene Wenger continues to be strongly linked with a move for the star forward as he looks to bring a big name striker to the north London club next season.
With uncertainty surrounding the future of Alexis Sanchez and the club’s failure to finish in the top four last season, the Gunners are prepared to spend big this summer as they look to challenge for the title once again.
But Madrid appear to have the upper hand at the moment and with the attraction of playing alongside some of the best players in the world including Cristiano Ronaldo and Gareth Bale, Mbappe now faces a major decision on his long-term future.