Real Madrid is not assuming that they will secure the signing of PSG's forward, Kylian Mbappe, next summer, and they are exploring potential alternatives in case their pursuit of the French international falls through.

Mbappe has been embroiled in a dispute with PSG throughout much of the summer after he declined to activate an option in his contract that would have extended his deal until 2025.

Consequently, he is set to become a free agent next summer, leading PSG to temporarily exclude him from their first-team plans before reintegrating him back into the squad in mid-August.

Although the situation remains uncertain, relations have improved, and there is now a chance of Mbappe signing a new contract with PSG.

Real Madrid is aware of this situation and is prepared for the possibility that the 24-year-old may opt for a fresh deal with Parc des Princes. According to Fichajes, Manchester City's Julian Alvarez is being considered as an alternative if Mbappe decides not to join Real Madrid.

The Spanish source suggests that doubts have arisen about Alvarez's desire to remain with Pep Guardiola's team due to the prospect of playing a secondary role behind Erling Haaland.

He is, meanwhile, said to be the “ideal” player to fit in at Real Madrid.

Although the 23-year-old has delivered strong performances, his role as a substitute has been prominent despite making 55 appearances in all competitions since joining the club in the summer of 2022.

With a contract in place until 2028, acquiring Alvarez is expected to be a challenging task for Los Blancos. The player has not expressed any discontent with his current situation, and Manchester City has shown no inclination to sell one of the top backup players in the world of football.

Alvarez boasts an Expected Transfer Value (xTV) of €40 million, which is likely the minimum amount Real Madrid would need to offer to secure the services of a player who would likely command a higher valuation if he had more playing time.