Mbappe is one of the most sought after young player in Europ having scored 15 goals and also having eight assists in 29 Ligue 1 apearances last season.
The talented forward has also attracted interest from top clubs like Real Madrid, Barcelona, Manchester city, but now report have it that Arsenal has entered the bidding with a whopping sum of €100 million (£87m).
Arsenal boss, Arsene Wenger has committed to spending money after spending a new two year deal and he has made Mbappe his number one target.
Arsene wenger had previously made a move last summer for the 18 year old star but was unsuccessful in the approach.
Although the report does not specify if the bid was acceepted or rejected but it is known that Monaco are determined to keep the teenager at the club even if it means losing other players.
However, Arsenal are also aware of how it will be difficult to bring the 18 year old to the club so they are probably in talks with an alternative should the bid fail.
So Arsenal are already making the lyon striker, Alexandre Lacazette an alternative if the Mbappe deal does not work out.