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Manchester City have been tracking Monaco forward Mbappe
PSG are willing to offer £138m plus a player in exchange for the teenager
Begiristain also ruled out a move for Messi, who is in final year of his contract

Published: 19:39 EDT, 24 August 2017 | Updated: 05:30 EDT, 25 August 2017

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Manchester City have admitted defeat in the £138m chase of Kylian Mbappe.

The Premier League club have been tracking the 18-year-old Monaco forward along with Paris Saint-Germain and Real Madrid.

But Manchester City director of football Txiki Begiristain admitted defeat in signing the French teenage sensation on Thursday night.

Monaco are set to accept an offer worth £138million for Kylian Mbappe according to reports

Begiristain told The Sun: 'We are out of the race – it is impossible to do it with the time remaining.

'It will not happen, it is impossible.'

Begiristain also ruled out a move for Lionel Messi, whose contract at Barca runs out at the end of this season.

The French champions have left the 18-year-old out of their squad for all league games so far

Monaco are ready to sell Mbappe to Ligue 1 rivals Paris Saint-Germain in a deal that will cost the capital club £138million, plus one of their players.

According to reports in France, the 18-year-old will swap the south of France for the north, with Angel Di Maria and Julian Draxler both candidates to move in the opposite direction.

The teenager's future has been the topic of intense speculation throughout the summer, with several clubs reportedly courting him over the past months, including Real Madrid and Barcelona.

City's director of football Txiki Begiristain believes Lionel Messi will stay at Barcelona

However, it appears he is now set to stay in France and join Neymar in a new look frontline in Paris.

Mbappe's signature would see PSG's current crop of stars sink further down the pecking order at the Parc des Princes, and it is thought a number of them are free to leave.

German international Draxler has already been told he is surplus to requirements despite only joining the club in January, and Di Maria could also be set to leave to make way for Mbappe.