Cristiano Ronaldo, who decided to transfer to Saudi Arabia’s Al Nassr and decided to become the highest paid athlete in history.
The superstar, who left Manchester United last week, will become a free agent.
However, Marca reports that he has agreed to a two-and-a-half-year deal with Al Nasr for an annual salary of €200 million.
Al Hilal are believed to be interested in Ronaldo, who has turned down a €3.5m weekly offer to play in Saudi Arabia this summer.
Rivals Al Nassr, who have turned down interest from Newcastle, are closing in on him.
Inter Miami are also interested in Ronaldo, with owner David Beckham reportedly having a meeting with the 37-year-old.
Rudi Garcia’s team sits second in the Saudi Pro League, three points behind Al-Shabaab.
The league is on hiatus for the World Cup and Al Nassr’s next game is on December 16, two days before the final.
Ronaldo is aiming to reach the World Cup final with Portugal and could close the line with signing Al Nassr in January.
The former United star has agreed to terminate his contract with the Red Devils after criticizing the club in an interview with Piers Morgan.
Ronaldo has criticized the lack of progress at the club since the departure of Sir Alex Ferguson and revealed he does not respect Eric ten Hag.
He also claimed that the Glazer family didn’t care about United and were interested in making money commercializing the club.