However, we know the deal is done and Mbappe is not even considering the other options and offers he got so far because he is only thinking about Real Madrid. But he didn't say anything about it officially.
According to some news, Mbappe is waiting for the Champions League, and sicne both teams, PSG and Real Madrid are playing in this tournament, he is not talking about his transfer to Real Madrid. But I think if Manchester City beats Real Madrid and Real Madrid loses the Champions League, Mbappe will officially announce his final decision about the next season.
So far nothing is confirmed yet.
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https://www.marca.com/en/football/psg/2024/03/23/65fef6e1268e3ea43e8b4569.html
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Rumors of Mbappe moving to Real Madrid are almost certain. But we have not seen any official news yet. Since we haven't seen the official news yet, I'd say Mbappe still has a chance to renew his contract with PSG
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Source: https://www.teamtalk.com/news/real-madrid-promise-mbappe-star-duo-signed-111m-double-deal-aid-new-hero
Florentino Perez is pushing hard to include Mbappe in the squad. Because he knows very well that it is not possible to dominate La Liga and Champions League depending on the performance of Vini and Rodrygo alone. Because vini and Rodrygo's performance is very erratic. Madrid have already got a great player like Bellingham as Modrich's replacement. And Mbappe is going to join the squad as a replacement for Benzema. Madrid will once again be unstoppable.