Zidane has been promised funds to spend big this summer and the French World Cup winner is firmly in his sights

Real Madrid set to offer staggering £240m transfer fee for PSG star Mbappe as Zidane eyes new Galacticos.

REAL MADRID will launch a blockbusting £240MILLION swoop for PSG star Kylian Mbappe, according to reports coming out of France.

Los Blancos are desperate to kick off the second Zinedine Zidane era in style and will spend big this summer after a disastrous campaign under Julen Lopetegui and Santiago Solari.

According to France Football, Real are ready to move for PSG forward within weeks, potentially sending shockwaves throughout Europe.

The Spanish giants will have no choice but to smash the world transfer record held by the French champions when they signed Neymar from Barcelona in 2017 for £200m.

Zidane wanted the 20-year-old sensation at the Bernabeu before he quit last year.

But Zidane’s exit has not stopped the Spanish side from working on a sensational deal all year to lure the striker to La Liga.

There has been an acceptance they have failed to replace the goals and leadership qualities of Cristiano Ronaldo who joined Juventus after the World Cup.

Gareth Bale has failed to fill the void and Karim Benzema has only scored 22 goals this term, Ronaldo hit 44 last season.

Already out of the La Liga title race, the Copa del Rey and the Champions League, Real have little to play for this season.

And the club also have their sights set on Eden Hazard.

But the Premier League side’s two-window transfer ban could scupper a deal for the 27-year-old who is a free agent next year.