Neymar's move to PSG will cost the French soccer giant more than $500 million

The much-anticipated move of Neymar to Paris Saint-Germain is expected to be announced this week after the football superstar told Barcelona he was leaving, according to several reports.

According to the UK Guardian, Neymar reported to Porto for a physical on Wednesday, which would clear the way for him to be introduced as the newest member of the French soccer giant on Thursday or Friday.

Once completed, the move will become the most expensive in soccer history, and will eventually cost PSG $US528 million.

PSG is expected to pay Neymar’s transfer fee of $US263 million (€222 million) “in full,” according to the BBC. On top of that, Neymar will receive a five-year contract and will be paid an annual salary of $US53 million (€45 million), making him the highest-paid footballer in the world.

Neymar would surpass Carlos Tevez as the highest-paid footballer. Tevez is reportedly making $US42 million per year for the Chinese Super League club Shanghai Shenhua.

NOW WATCH: Briefing videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.