Real Madrid may still have a chance to sign Kylian Mbappé. The club is waiting to see if PSG will be sanctioned by UEFA for failing to comply with Financial Fair Play regulation with an initial verdict on the case expected today. If the Parisian club are found to have been in breach of Uefa’s rules, they would be obligated to sell at least one of their star players, which could pave the way for Mbappé's exit with Real Madrid a likely destination for the French international.

Tebas speaks

Full screen Javier Tebas Medrano, La Liga President, gestures during the Dubai International Sports Conference in Dubai, Satish Kumar Subramani (REUTERS)

“I'm not optimistic as Uefa are being extremely lax in penalising clubs who breach the FFP regulations admitted LaLiga president Jabier Tebas. The head of the Spanish league has been outspoken on the subject on numerous occasions claiming that both PSG and Manchester City's financial muscle from the Middle East has distorted the transfer market.

With the agreed loan term period for Mbappé ending on Monday, PSG must immediately fulfil their obligation to purchase the player from Monaco for 180 million euros. This would mean the club will be in breach of two of Uefa’s Financial Fair Play regulations related to staff salary limits and account balances, which could force them to sell the player or give him back to Monaco.

With the transfer markets in Italy and England now closed, realistically only Real Madrid would currently have the power to buy Mbappé with Florentino Perez and "Los Blancos" primed should the opportunity arise to sign the French striker.

Full screen TOPSHOT-FBL-FRA-LCUP-FINAL-PSG-MONACOTOPSHOT - Paris Saint-Germain's French forward Kylian Mbappé holds the trophy as he celebrates after victory in the French League Cup final football match between Monaco (ASM) and Paris Saint-Germain (PSG) at The Matmut Atlantique Stadium in Bordeaux, southwestern France on March 31, 2018. FRANCK FIFE (AFP)

LaLiga asked that PSG case be reopened

Uefa reopened its investigation into PSG in July, just a month after it had closed the case. “In light of the recent decision of the Club Financial Control Body chief investigator to close the investigation into Paris Saint-Germain – which commenced on 1 September 2017 – the chairman of the CFCB has decided to send this decision for review by the adjudicatory chamber," said Uefa in a statement released at the start of July.

Speaking to AS this week, LaLiga president Javier Tebas said: “It’s true that at the start of the summer, we asked Uefa to reopen the investigation into PSG.”

Head of Uefa's adjudicatory chamber and former general prosecutor for Portugal, Jose Cunha Rodrigues now has the power to sanction PSG, as he has already done this year with AC Milan (although that ruling was eventually overturned by the Court of Arbitration for Sport) and Swiss club FC Sion.