Mbappé has been closely linked with a transfer to Real Madrid, but on Saturday night came the official confirmation that he will be loyal to the French big club for a few more years.
Mbappé came to PSG from Monaco on loan in 2017. The following year, PSG bought him out for around SEK 1.8 billion.
According to French L'Equipe, the 23-year-old will receive a bonus of SEK 1.5 billion for the new contract.
In total, the new agreement will be worth up to SEK 6 billion.
In addition, the Frenchman gets access to the majority of the income from his image rights, writes Expressen.
- I am very happy to stay in France, in Paris, in my city, Mbappé said to supporters before tonight's final league match against Metz at home at the Parc des Princes.