Paris Saint-Germain (PSG) is set to extend the contract of their star striker Kylian Mbappe for another year. The club has reportedly agreed on a deal that would allow Mbappe to earn up to $40 million per year, making him the highest-paid player in the world.

The news comes as PSG continue to struggle with injuries and have fallen behind their rivals in the league table. Mbappe, who joined PSG from Monaco in 2017, has been instrumental in their success under manager Thomas Tuchel, scoring over 50 goals in his first season at the club.

Despite the financial implications, PSG believe they can secure Mbappe's signature due to the club's recent transfer record and the high demand for his services. They have also expressed confidence in Mbappe's ability to adapt to new challenges and improve his game.

Mbappe himself is excited about the prospect of extending his stay at PSG. He told reporters: "I'm very happy to hear that I'll be able to play for such a great team again next season. I want to thank my fans and everyone at the club for everything they've done for me."

While the news of Mbappe's extension is good news for both the player and the club, it raises concerns about the future of football in Europe. With players earning millions of dollars per year, there may be pressure on other clubs to match this level of compensation.

Overall, the announcement of Mbappe's contract extension is likely to be seen as a positive development for PSG and their supporters, but it will undoubtedly be watched closely by other teams in Europe as they try to maintain their competitiveness in the face of rising salaries.