Mbappé joined Madrid to challenge for the biggest club honours, but the report says he is unhappy with the squad’s ability to compete at the highest level. Real’s difficult domestic position has only intensified the debate, with the club reportedly six points behind Barcelona in La Liga after the Madrid derby defeat.
The forward’s individual impact is understood to remain strong, yet personal numbers cannot fully mask a wider concern: whether Madrid are building a team capable of dominating Europe again.
Arsenal and Liverpool are reportedly monitoring the situation, although neither club has made a formal approach. For now, this remains a watching brief rather than an active transfer battle.
Liverpool have previously been linked with Mbappé, and their attacking depth would make them a natural contender if the player becomes available. Arsenal would offer a different project, built around a talented young squad and a manager seeking to turn sustained progress into major silverware.
Any move would be exceptionally complicated. Mbappé remains one of football’s most valuable players, and a potential transfer would demand enormous financial resources, sporting ambition and the player’s willingness to leave Madrid.
Much could change before 2027. A strong second half of the season, improved recruitment or a deep Champions League run could ease the tension. Equally, another campaign behind Barcelona may strengthen the case for a change.
The next storyline to watch is Madrid’s response: whether the board reshapes the squad around Mbappé, or risks allowing one of the world’s biggest stars to begin planning his exit.