Arsenal's interest in Mbappe appears to be genuine, yet the north London club were ridiculed last week when they submitted a bid to sign the attacking starlet that was considerably less than offer made by Real Madrid last month.
Boss Arsene Wenger has been spotted in Nice with chief executive Ivan Gazidis amid reports that the Gunners are preparing a bid for Mbappe which would blow their transfer record out of the water.
His comments come in the wake of France manager Didier Deschamps sending a warning to the 18 year old to think carefully about his future and his development - perhaps anxious he might get swallowed up in a big club like Real Madrid. That is why I think Deschamps made that statement.
Mbappe scored 15 league goals in a breakthrough season for the 18-year-old to help Monaco clinch the Ligue 1 title for the first time since 2000.
The Ligue 1 club are desperate to keep hold of Mbappe, who is wanted by a host of European clubs, and also rejected a £105million bid from Real Madrid in May.More news: Third London attacker was Moroccan-Italian - Italy intelligence source
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'You have Neymar [for the Ballon d'Or] in there certainly, maybe [Antoine] Griezmann can come in, you have Mbappe.
If L'Equipe truly believed Arsenal are set to make a €140m offer for Kylian Mbappe, it would be on their Tuesday front page. A bit too early, too premature to say that he will do that but, yes, you have these kind of players.
Arsenal missed out on signing Mbappe previous year when he was out of contract in a deal that could have potentially cost just £230,000 under FIFA's compensation rules.
Arsenal, Manchester United and Madrid themselves are all said to have failed in recent weeks with moves for Mbappe, but the latest incoming offer for the striker from the Spanish capital could be too much to turn down from Monaco's perspective.