According to UOL Esporte in Brazil, Paris Saint-Germain has accepted a bid of €90 million ($98.5 million) from Saudi powerhouse Al-Hilal for its forward Neymar.

The world’s most expensive player, who had held expectations of returning to previous club FC Barcelona this summer, has received a “huge” offer from Al-Hilal, according to transfer analyst Fabrizio Romano, who announced the news in the wee hours of Sunday morning.

According to ESPN Brazil, the player’s father took a plane to the Middle East to conduct negotiations. Later on that day, L’Equipe announced that Neymar had signed a two-year contract with the Saudi Pro League team managed by the Public Investment Fund, which is supported by the government and also owns PremierPINC +0.5% League club Newcastle United.

Neymar will receive €80 million ($88 million) per season from Al-Hilal, according to a French sports publication. However, Relevo’s Matteo Moretto estimated the sum to be €100 million ($110 million), putting the 31-year-old in a position to top Forbes’ list of The World’s Highest Paid Athletes the following year when off-field earnings are also taken into account.

Cristiano Ronaldo, who is currently playing for Al-Nassr, a rival team to Al-Hilal, topped the list in 2023.

Neymar will receive the same €100 million every season for two seasons, according to UOL, when it was announced that PSG had accepted Al-Hilal’s offer. This amount is more than twice the $50 million Neymar now earns per season playing on the field at Parc des Princes, according to Forbes.

According to UOL writer Bruno Andrade, the transaction by PSG—who paid €222 million ($243 million) for Neymar by activating his Barca release clause in 2017—was finalized at the Public Investment Fund’s Paris offices.Additionally, according to domestically renowned Brazilian writer Benjamin Back, the Santos academy graduate will receive his medical in the French city, which he has called home for six years but appears to be bidding “bon voyage” to.

As in Paris, Neymar will reportedly don the number 10 shirt for Al-Hilal, with Kylian Mbappe’s potential extension at PSG being influenced by his increasingly certain departure.

On Sunday, Romano said on Twitter that there is “no chance” that Al-Hilal will lend Neymar to Barca for a season. This seems implausible given the anticipated duration of Neymar’s deal.

However, the Catalan tabloid Mundo Deportivo continues to give Culers hope that Neymar will agree to play for Al-Hilal for four seasons, making the leftfield operation viable.Joao Felix is expected to join the Blaugrana as a result of Neymar’s sale, according to Lisbon-based Portuguese football analyst Andrade.

However, president Joan Laporta, a noted Felix supporter, would ultimately need to persuade head coach Xavi Hernandez that the Atletico Madrid striker will benefit his sporting endeavor.