The Brazilian forward is set to link up with the Saudi Pro League side on a deal until 2025 from Paris Saint-Germain.
French media have claimed that Les Parisiens have accepted an initial £69m offer rising to £86m if add-ons are met.
Al Hilal were desperate to bring in a marquee player after missing out on Kylian Mbappe and Victor Osimhen.
And they have now acted fast to wrap up a transfer for Neymar, who will join Ruben Neves, Malcom, Sergej Milinkovic-Savic and Kalidou Koulibaly through the Al Hilal door this summer.
As per L'Equipe, the 31-year-old will take home £276m once his two-year spell in the Middle East comes to an end.
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This will see the former Barcelona forward bank £138m-per-season in the Gulf nation.
But incredibly, that is still nowhere near Cristiano Ronaldo's salary at Al Nassr, which he penned during the winter transfer window.
The five-time Ballon d'Or winner pockets a £177m yearly salary - the most expensive contract in sports history.
That works out to around £14.75m every month, compared to the £11.5m Neymar will earn every four weeks.
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Ronaldo then earns £3.4m-a-week, £485k-a-day and a cool £20k-per-hour.
To break that down even further, the former Manchester United star adds £337 to his bank balance every minute.
In comparison, Neymar will be on a £2.65m weekly salary once his move to Al Hilal is confirmed later in the week.
That works out to him pocketing £378k-per-day, £15.7k-an-hour and £262 every minute.
And having followed Ronaldo to Saudi Arabia to link up with their rivals, Neymar will now be looking to fire Al Hilal to the league title.
Al Ittihad ended their three-year dominance last season, with the champions adding Karim Benzema, N'Golo Kante, Fabimho and Jota to their squad.
But with Al Hilal also making huge transfers, they will be desperate to win their sixth championship in eight years.