Saudi Arabia club Al-Hilal said Monday it reached an agreement with Brazilian striker Neymar to terminate their contract by mutual consent. The deal was due to expire in the middle of the year. The club said in a statement published on X that it “expresses its thanks and appreciation to Neymar for what he has provided throughout his career with Al-Hilal.

Neymar will take a significant wage cut to join boyhood club Santos, according to reports. The 32-year-old's reported £1.6 million per-week contract at Al Hilal has been terminated by mutual consent amid reports of a return to Brazil.

Neymar and Al-Hilal have come to an agreement to terminate the player’s contract by mutual consent, the club announced on Monday.