The France international announced his decision to part ways with the Ligue 1 champion in early May, waving farewell after Coupe de France glory later in the month.

Madrid has repeatedly chased the signature of the 25 year-old, failing to secure his signing in the 2021-2022 season as Mbappe opted to pen a two-year extension in the French capital.

Yet Carlo Ancelotti and Los Blancos have finally got their man, confirming the much-anticipated deal for the former Monaco forward on Tuesday.

In a club statement, Madrid said: "Real Madrid and Kylian Mbappe have reached an agreement whereby he will be a Real Madrid player for the next five seasons."

The France captain will officially move to Madrid in July when his PSG contract expires.

Mbappe leaves Paris with a club-record 256 goals across his seven seasons, including 42 in the Champions League, as Luis Enrique and the French giant prepare for life without their superstar forward.

Adding in 108 assists for the perennial Ligue 1 title-winning machine, Mbappe's 364 goal involvements rank as the most for PSG this century – ahead of Edinson Cavani (236) and Zlatan Ibrahimovic (210).

Mbappe also scored 44 times in 48 games for PSG this season, a tally only matched by Bayern Munich's Harry Kane among players from Europe's top five leagues.

With Vinicius Junior, Jude Bellingham and Rodrygo to call upon already, Ancelotti adds further firepower to a Madrid side that secured its 15th Champions League crown in June, as well as LaLiga glory.

Madrid was expected to seal this deal for some time, with announcements held off before the Champions League final victory over Borussia Dortmund.

Yet with Euro 2024 on the horizon for Mbappe and France, the reigning Spanish champion  quietened the growing speculation by confirming his arrival.

France captain Mbappe is again among the favourites to top the goalscoring charts at the Euros in Germany, having scored eight times to win the Golden Boot as Les Bleus came up just short at the 2022 World Cup.

Mbappe found the net nine times in eight Euro 2024 qualifiers as Didier Deschamps' team prepares to open its campaign against Austria on 17 June, before meeting Netherlands and Poland.

He will hope to power his country to a third European Championship title, having finished runner-up to Portugal eight years ago, before moving to Madrid for the 2024-2025 season.