Real Madrid target Kylian Mbappe is worth €180million if that is what the market dictates, says Los Blancos legend Raul.

Mbappe is one of the most sought-after talents in European football after helping fire Monaco to the Ligue 1 title and Champions League semi-finals last season.

Reports in Spain suggested Madrid were closing in on a deal for the France forward, while Manchester City are also rumoured to be preparing a rival bid.

Raul, who was the club’s record goalscorer before being usurped by Cristiano Ronaldo, is unsure whether a deal will happen but says nothing should be ruled out until the transfer market closes.

Speaking to Marca, the former Spain striker said: “The market will set the price. There has to be an agreement between several parties and that will define it.

“Real Madrid have great players but it is clear that until August 31, anything can happen. For now you have to focus on those who are here and we’ll see what happens.”

Despite having yet to acquire Mbappe, Madrid allowed Alvaro Morata to leave for Chelsea with the Spain striker having grown frustrated at a lack of playing time.