The 24-year-old had last month told the club that he is not planning to extend his current contract.
The Serbian earned a 7-6(1) 6-3 7-5 victory over fourth seed Casper Ruud in the final match of the 2023 competition.
“I’ll be here next season,” Mbappe said after winning the Ligue 1 Player of the season award for the fourth year running.
Forbes has named Cristiano Ronaldo the 2023 highest-paid athlete in the world, ahead of his longtime football rival Lionel Messi.
France forward Mbappe struck twice in the first half to put PSG on 75 points with six games left.
Time listed the PSG duo, who featured for their respective national teams at the Qatar World Cup 2022 finals, in its Thursday issue.
Mbappe, 24, had been touted as one of the candidates for the role since goalkeeper Lloris retired from international football in January.
Bayern Munich have now advanced to the last eight on a 3-0 aggregate and maintained their perfect record in the competition.
On Wednesday, we have an extremely important game,” coach Julian Nagelsmann said.
Messi has been named the 2022 Best FIFA Men’s Player ahead of his club’s teammate Kylian Mbappe and Real Madrid star Karim Benzema.
