Arsene Wenger is a big admirer of the 18-year-old and had taken concrete steps to bring Mbappe to the Emirates this summer.
Reports over the weekend suggested that Ronaldo wants to leave Real Madrid after he was charged with allegedly evading £13million in tax.
France. In fact, Real Madrid had been interested in the youngster for a while - even giving a then 13-year old Mbappe a two-day tour of their facilities five years back, something facilitated by the then advisor to President Florentino Perez, Zinedine Zidane.
Perez told Spanish newspaper Marca: "Of course (there is interest) in Mbappe, the AC Milan goalkeeper, Vinicius Junior and other young players".
"I want to play for real Madrid". David de gea is another possible target for Real Madrid now as they are looking to strengthen their defence.More news: Somalia blast kills at least 15, police say
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"But I think a year before the World Cup, we are not qualified yet with the national team, I think it's a risk".
"In the semi-final, we played Monaco with Juventus, and we knew he is a player with a great future and that's the most important thing", Trezeguet said after a France Legends v Italy Legends match.
I've seen a little of all three, but I like Mbappe. He has photos with everyone, he has the shirts.
He Mbappe already decided on priority to continue playing.
Despite Real Madrid being the favourites and the fact Arsenal can't offer Champions League football, The Sun says Wenger is increasingly confident he'll be able to persuade the French worldwide to come to north London.
"We always talk about desire, passion and feeling".