Two clubs have made bids in excess of €100 million for Monaco star Kylian Mbappe, but both have been rejected, a source told ESPN FC.
Mbappe, 18, is one of the world's most sought-after players after a breakthrough season in which he won Ligue 1, helped his team to the Champions League semifinals and scored 26 goals in 44 appearances.
Real Madrid and Manchester City have been credited with interest in the teenager, while Arsenal manager Arsene Wenger has reportedly travelled to the south of France for negotiations with Monaco.
However, while the source would not confirm which clubs had made bids for Mbappe, they did reveal that Monaco have scheduled a meeting with the player and his family to talk about extending his contract.
Mbappe's current deal expires in 2019 but, to ward off interest from potential suitors and reward the striker for his performances last season, the club are hopeful he will sign an extension on increased wages to stay at Monaco.
Information from Julien Laurens was used in this report.