Real Madrid president Florentino Perez is planning to launch a new club project over the next two years.

AS reports Florentino wants to build a third great era for the club after the Galacticos period and the four Champions League titles in the last five years.

And the new project will be built on two huge investments - the renovation of the Santiago Bernabeu and the signing of PSG star Kylian Mbappe.

Florentino plans to move for Mbappe in the summer of 2021, with work on the new stadium to launch that season with the aim of being completed in 2022.

Mbappe is expected to cost in the region of €200m, while new stadium work could reach almost €800m.