Neymar: Brazilian player becomes latest star to join Saudi Pro League
According to Sky Sports, PSG's new coach Luis Enrique had been open to selling the 31-year-old in order to create a "younger and hungrier" team.
Neymar will be the latest high-profile player to make the move from Europe to Saudi Arabia, joining an illustrious cohort of players, which includes Champions League and domestic title winners.
In June, Saudi Arabia's Public Investment Fund (PIF) confirmed it was taking majority stakes in four leading clubs in the country: Al-Nassr, Al-Hilal, Al-Ittihad and Al-Ahli, in an attempt to establish Saudi football on the international football stage.
The country's first major scoop was for Real Madrid legend Cristiano Ronaldo, who signed within December 2022.
Karim Benzema - the current holder of the Ballon d’Or, football’s highest individual prize - transferred from Real Madrid to Al-Ittihad in June, telling reporters that his Muslim faith played a key role in his decision to move to Saudi Arabia.
He was followed by Chelsea star N’Golo Kante, who has won two Premier League titles, a Champions League title, and a World Cup, among several other honours.
A quartet from Liverpool's 2019 Champions League winning side - Fabinho, Sadio Mane, Jordan Henderson and Roberto Firmino - will also make the move to Saudi Arabia.
Jeddah-based Al-Ittihad - Al-Hilal’s bitter rival - won the Saudi Pro League last season, under the guidance of Portuguese coach Nuno Espirito Santo.
Other major arrivals include former Manchester City and Leicester City star Riyad Mahrez and Kalidou Koulibaly, who spent just a year at Premier League side Chelsea before leaving for the Middle East.
The big money deals are Saudi Arabia's attempt to disrupt Europe's football dominance, and the hope among its leaders is that the country's top flight will become as high profile as the European leagues.