Real Madrid has submitted a second, improved offer of €180 million ($212 million) to Paris Saint-Germain for Kylian Mbappe.

PSG rejected Real Madrid's initial bid of €160 million.

The second offer of €180 million consists of a flat €170 million with a possible €10 million in add-ons, which sources told ESPN are "easily achievable."

PSG is believed to be holding out for an offer closer to €220 million. 

Mbappe has a year left on his contract and has already rejected several renewal offers as he wants to join Real Madrid.