Media outlets in Spain are reporting that Cristiano Ronaldo will sign a contract for Saudi Arabian side Al-Nassr on January 1.
The deal is understood to be one of the most lucrative in sports history and could see the five-time Ballon d’Or winner net close to €200m (£172m) per season.
According to MARCA, Ronaldo is set to sign a deal with Saudi Arabian side Al-Nassr at the start of next month.
The outlet claim that the initial deal will be worth close to 100m (£86m) but will be incentivised by further agreements such as advertisement and sponsorship deals.
The 37 year old Portuguese professional became a free agent at the end of last month after his fractured relationship with Manchester United club chiefs worsened when he made a number of controversial statements in a TV interview with Piers Morgan.