
The denial comes after Spanish paper Marca reported Real Madrid had bid a world record sum of £180 million (209 million U.S. dollars) for the French 18-year-old.
Mbappe took on a starring role in Monaco’s title-winning season, scoring 26 times in total and grabbing goals against heavyweight Champions League rivals including Borussia Dortmund, Manchester City and Juventus.
Such a figure would far outstrip the 110 million euros Manchester United paid Juventus for Paul Pogba in 2016.
Real have a history of breaking world transfer fees, with their recent run beginning with the signing of Luis Figo from Barcelona for £62 million in 2000.
Current coach Zinedine Zidane joined the club from Juventus for £77 million in 2001.
That record was finally broken in 2009 with Real’s signing of Cristiano Ronaldo from Manchester United for £93 million.