Saudi Arabian soccer club Al Hilal offered 300 million euros ($333 million) to Qatar-owned Paris Saint-Germain for French soccer star Kylian Mbappé, who have accepted the bid and given the Saudi club permission to approach Mbappe.

According to reports, Al Hilal is also offering Mbappé a world record breaking one-year compensation package worth 700 million euros

The 24-year-old has been left out of PSG’s squad for its preseason tour of Japan, with the club having issued him an ultimatum to sign a new contract or be sold.

The current world record fee is $262 million (€222 million) when Neymar moved from Barcelona to PSG in 2017.

The Guardian reported that Mbappé’s one-year salary would be 200 million euros, rising to 700 million euros after including other commercial arrangements and proceeds from image rights.

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French media outlet L’Equipe reported that PSG’s owners are ready to accept the proposal from Al Hilal.