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England midfielder Bellingham was phenomenal for Real last season, when they did not have Mbappe, scoring 23 goals with 13 assists in 42 appearances in all competitions.
British media reported the 32-year-old midfielder has signed a contract worth around 86 million pounds ($109.78 million) a year.
Benzema, who ended a trophy-laden 14 years at Real this week, joins Al-Ittihad on a three-year deal and will wear the No. 9 shirt.
An offer estimated by media to be worth more than 100 million euros ($107.05 million) from Al-Ittihad has reportedly made him reconsider his future.
Real will fancy their chances of winning the trophy for a 20th time when they face Osasuna in the final after they beat Athletic Bilbao 2-1 on aggregate on Tuesday.
Messi could win his second The Best trophy after leading Argentina to their third World Cup title by beating Mbappe's France in last year's final in Qatar, scoring seven goals during the tournament and earning his second Golden ball.
Ballon D'Or winning striker Karim Benzema was ruled out of the tournament by a thigh injury.
The Ballon d'Or winner will be a huge miss for defending champions France if he doesn't recover on time.
Robert Lewandowski picked up the best striker award named after Gerd Muller.
The FIFA World Cup is the biggest test for a footballer and greatness is attained based on the heroics in the showpiece.
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