REVEALED: Kylian Mbappe takes £8.5m pay cut to join Real Madrid but will be paid an £85.5MILLION signing-on fee… and is expected wear iconic shirt number as legend is cast aside

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

The 25-year-old, who earns €25 million net in Paris, will earn €15 million net per season in Madrid, making him still the club’s top earner despite the huge salary cut.

Mbappe has reached an agreement with the Spanish club, although neither Paris Saint-Germain nor Madrid will make a formal statement as long as both can still meet in the Champions League.

Despite the loss in terms of basic wages, Mbappé will receive a significant signing fee estimated at more than 100 million euros (£85.6 million) and will retain an 80 percent share of the image rights to any new commercial deals he signs after he leaves has become in Madrid. player. This breaks with the normal 50-50 split that 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 contract.

The 25-year-old PSG star will see his annual salary reduced if he moves to Santiago Bernabeu

Carlo Ancelotti will see his Madrid side boosted by the arrival of Mbappe in the summer

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

Madrid’s confirmation 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 was 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 doubt on the wisdom of Madrid in signing his compatriot.

Petit said: “If Mbappe goes to Madrid, that could be a problem. Not only in terms of salary in the locker room, but also in terms of leadership. Bellingham was incredible, as was Vinicius, and if he goes to Madrid he will have to play as a (central) striker and we all know that is not his best position. There are a lot of questions and no answers.”

In the same week as Madrid appear to have sealed Mbappe’s arrival, La Liga has announced the latest salary caps for all Spanish clubs. The figures are calculated based on each club’s expected income and expenditure and apply to their transactions in the transfer market.

Mbappé is expected to wear Luka Modric’s number 10 shirt in Madrid next season

Real Madrid have set the highest salary cap at €727 million, meaning they can take on Mbappe’s signing without having to sell

Real Madrid have set the highest salary cap at 727 million euros (£622.5 million), meaning they can take on the signing of Mbappe without having to sell. The news was much worse for Barcelona, ​​whose salary cap is set at just 204 million euros.

This figure is around €200 million above their current wage bill and means they will have to sell players this summer in order to bring new players to the club.

The release of the figures will only add to speculation that Barcelona are preparing to sell at least one top earner at the end of the season. Ronald Araujo, Robert Lewandowski and Frenkie de Jong have all been mentioned as potential assets to cash in on.

Although De Jong said ahead of Barcelona’s Champions League last-16 first leg against Napoli: ‘It is said that I earn 40 million euros a season. That’s far from the truth. I am happy at Barça and I hope I can continue for many more years.’