Brazilian footballer Hulk is set to move from Russian side Zenit St. Petersburg to China’s Shanghai SIPG in a $60 million deal, according to media reports.
A fee for the striker has already been agreed and Hulk will arrive in China this week, Sky Sports reports.
The deal could be worth up to $430,000 a week for the player, according to British newspaper the Sun.
Hulk, 29, joined Zenit in September 2012 from Portuguese side Porto, reportedly for a fee of around $45 million, and helped the side win the Russian Premier League in the 2014-15 season.
In his four seasons at Zenit, Hulk has scored 75 goals in 147 appearances – including four goals in the UEFA Champions League last season, although Zenit failed to qualify for next season’s tournament after finishing third in the Russian Premier League.
The Brazilian has a contact until 2019, but is now set to link up with former England manager Sven-Goran Eriksson in the Chinese Super League.
Shanghai SIPG currently find themselves in fourth place in the Chinese Super League, trailing leaders Guangzhou Evergrande by 12 points.
The fee will be a new Asian club record, eclipsing the $50 million Jiangsu paid for Brazilian Alex Teixeira when they bought him from Ukrainian side Shakhtar Donetsk in January.
Hulk will be the latest big-name addition to the Chinese Super League as it seeks to be part of a massive push to develop football in the country.