According to Sky Sports, this is to ward off continued interest from Ligue 1 rivals Paris Saint-Germain.
Paris Saint Germain have already had a world record transfer this window with the arrival of Neymar from Barcelona.
Monaco expect them to put up almost as much money again to land their teenage sensation.
PSG have thus far offered €155m plus add-ons, but that is not enough to tempt the reigning French champions into a sale Mbappe.
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