Neymar will be sold by Paris St. Germain to Saudi Pro League team Al-Hilal for approximately 90 million euros (£77.6 million) plus add-ons.
The 31-year-old must finish all the documentation and pass a medical examination before being transferred.
Neymar, who joined PSG in 2017 for a record-breaking £200 million, was not included in their lineup for the match against Lorient in Ligue 1.
He wasn’t in Luis Enrique’s plans for the upcoming campaign.
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His departure also aligns with PSG’s strategy to depart from the ‘Galacticos’ period of bringing in well-known players for hefty transfer prices and exorbitant salaries, as Lionel Messi did earlier this summer.
Neymar was rumored to get around €25 million ($21.6 million) per year playing for France.
He will reportedly earn 150 million euros (£129.2 million) annually in Saudi Arabia, which is six times what he made at PSG.
The Brazilian played 173 times for PSG, contributing to the club’s 13 victories, including five Ligue 1 championships and a trip to the 2020 Champions League final.
However, numerous ankle problems have made his tenure in the French capital difficult.
The former Barcelona player had surgery in March that caused him to miss the rest of the season and he only resumed training in July.
He missed two of Brazil’s matches at the 2022 World Cup after being injured in their opening group match.
The forward also missed the 2019 Copa America after suffering torn ligaments in his right ankle and was out for several weeks in 2021 with a similar injury.
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News of the Neymar deal comes just 24 hours after PSG’s Kylian Mbappe was reintegrated back into first-team training after positive talks with the club.
The France forward, 24, had been in a contract stand-off amid a desire to join Real Madrid but could now extend his contract at PSG, with his current deal due to expire next summer.
Mbappe was also left out of the squad for the Lorient game and watched the match from the stands.
Last month, PSG gave Al-Hilal permission to talk to Mbappe after the Saudi side made a world-record £259m bid.
If completed, the Neymar deal will continue a remarkable summer spending spree by Saudi clubs, underlining the league’s ambition to be one of the top competitions in the world in the next few years.
The likes of Karim Benzema, N’Golo Kante, Jordan Henderson, Ruben Neves, Sadio Mane and Roberto Firmino have all moved to Saudi Arabia.
Portugal superstar Cristiano Ronaldo joined Al-Nassr from Manchester United in January.
After Riyad Mahez left Manchester City to join Al-Ahli in July, Pep Guardiola said the Saudi league’s financial muscle has “changed the market”.
“A few months ago when Cristiano [Ronaldo] was the only one to go, no-one thought this many top, top players would play in the Saudi league,” the City manager said.
“In the future there will be more and that’s why clubs need to be aware of what is happening.
“I don’t know how long they will sustain it, but the feeling is that they will stay. The players want to take this experience to play in that league and they are able to do it.”
Analysis
This is another big name signing for the Saudi Pro League that a major European club is privately relieved has happened.
It was Neymar’s move to PSG six years ago that triggered the huge hike in transfer fees, but it did not really have the desired effect in delivering the Champions League to the French capital.
It took them a while but PSG eventually concluded the ‘Galacticos’ model was not the right one and getting Neymar off their wage bill – following Messi’s move to Major League Soccer – is a major plus when it comes to meeting their Financial Fair Play obligations.
If Neymar is even earning close to the salary being speculated at, it is far more than the 25m euros a year he was on at PSG, so the deal makes sense for him.
It also keeps the Pro League in the spotlight when it comes to attracting the biggest names, even if injuries mean the Brazilian’s best days are probably behind him.
A bit like Messi, who is much older, Neymar tends to play in moments these days. But, just as with Messi, those moments can be magical.
