AC Milan has reportedly accepted a €30 million offer from Al-Hilal for the player's transfer.
As part of his new contract, Theo will receive a significant annual salary of €20 million, tax-free, for multiple seasons with Al-Hilal.
Interestingly, Theo had previously agreed on personal terms with his former club Atletico Madrid earlier this month, but the two clubs were unable to reach a transfer fee agreement with AC Milan.