Neymar Jr will earn £129.4m a year when he joins Al Hilal – six times the amount he was on at PSG.
Paris Saint-Germain will receive £86.3m for the Brazilian – having paid £200m for him in 2017.
Neymar’s move continues turbulent summer in Paris, with Lionel Messi leaving for Inter Miami and the high-profile stand-off with Kylian Mbappe
The 31-year-old, who is set to sign a two-year deal, is undergoing his medical today and is expected to complete his move in the next 48 hours.
At 31, Neymar is not considered a key player by new PSG head coach Luis Enrique and have been open to selling the forward in order to focus on forming a younger, hungrier team.