It is sounding more and more like French soccer giant Paris Saint-Germain is about to make Neymar the highest-paid footballer in the world.

The deal, which would include a whopping €222 million (US$260 million) transfer fee for Spanish side Barcelona, will be announced on Wednesday, reports the Business Insider.

Mohamed Bouhafsi of BFMTV reports that PSG and Neymar’s representatives are hoping to have his new contract finalized in the next ‘24-48 hours.’ Bouhafsi also reports that sources have said that PSG is expected to announce the transfer and present Neymar on Wednesday following a physical on Tuesday.

Paris United is also reporting that the deal will be announced on Wednesday, barring any last-minute changes.

Neymar’s new deal will reportedly be for five years and will also come with a huge raise.

According to L’Equipe, Neymar will have an annual salary of €40 million (US$47 million). Carlos Tevez is currently the highest-paid footballer, reportedly making €36 million (US$42 million) for the Chinese Super League club Shanghai Shenhua.