Paris St-Germain (PSG) have agreed a deal worth €90 million (£77.6 million) plus add-ons with Saudi Arabian club Al-Hilal for Brazil forward Neymar.
The transfer is a two-year deal and subject to the 31-year-old completing a medical, which he is undergoing today.
It is understood that Neymar will earn £129.4 million a year in Saudi Arabia, six times the amount he was on at PSG.
He was left out of PSG's squad that was held to a goalless draw against Lorient in their Ligue 1 opener on Saturday, which suggested that he was not part of coach Luis Enrique's plans for the new season.
His departure marks an end to the 'Galacticos' era at Parc des Princes, with Lionel Messi also leaving the club earlier this summer.
Neymar will link up with new teammates Kalidou Koulibaly, Rúben Neves and Sergej Milinković-Savić, who all made the move to Al-Hilal earlier this summer.
PSG signed Neymar from Barcelona for a world record fee of €222 million euros in 2017.
He helped the Parisians win 13 domestic trophies and led them to finish as runner-up in the 2020 Champions League final in 173 appearances for the club.
However, he often struggled with injuries and off-field issues during a tumultuous six years in the French capital.