Real Madrid is set to officially announce the signing of Kylian Mbappé on a free transfer early this week. The French striker had confirmed last month that he would be leaving Paris Saint-Germain after seven years, with his mother admitting he will be going “where everybody knows,” though a formal announcement of his destination has not yet been made.

Real Madrid had wanted to wait until their season was over before making a public statement about Mbappé’s signing. With their 15th Champions League title now secured, and the France national team coach Didier Deschamps saying he wanted Mbappé’s future resolved before the Euros, Real Madrid is finally in a position to make the announcement, which they hope will come on Monday.

However, the club does not anticipate being able to present Mbappé until mid-July, as France is preparing for the summer’s tournament. It remains uncertain whether Mbappé will also participate in the Olympics.

After Saturday’s Champions League final, Real Madrid coach Carlo Ancelotti declined to comment on Mbappé’s arrival, saying he would not discuss players not in Madrid’s squad. But Jude Bellingham, Mbappé’s future teammate, has said the striker’s signing would “take us to the next level.”

Mbappé’s move to Real Madrid will conclude a seven-year pursuit by the Spanish club, which had been an open secret in football. The 25-year-old’s contract with PSG has expired, meaning the French club will lose him on a free transfer, despite rejecting a €200m offer from Real Madrid in 2021. Mbappé departs PSG without having secured a Champions League title in France, and instead joins the record winners of the competition.

Real Madrid will hold a trophy parade in the city on Sunday evening, celebrating their latest Champions League triumph. As the club president Florentino Pérez told Movistar, “This is a love story between Real Madrid and the European Cup. Some people leave and others come, but this competition is very much ours.”