Real Madrid and Paris Saint-Germain are negotiating a transfer which would see Neymar move to the Spanish capital, say Diario Sport.
The report claims that PSG will accept a transfer fee of €120m for the wantaway star, who will sign a five-year contract at Los Blancos, while Luka Modric will be included in the deal.
The Brazilian star has been heavily linked with a return to Barcelona this summer as an exit from the French capital had appeared to be looking increasingly likely.
However, despite it now appearing the Parisians will are particularly keen to sell the player although the Camp Nou is now appearing an unlikely destination due to the financial demands of the deal.
The former Santos forward left the Blaugrana for Paris in the summer of 2017 for a world record €222m fee, but reports continue to suggest he may be open to a departure from the Parisians.
Neymar has continually been linked with a return to Spain since his departure with the Catalan giants and Madrid said to be keen on a transfer, but the former have proved unable to table a sufficient bid.