Jermain Defoe will complete his move to Bournemouth from Sunderland by the end of this week and earn a basic salary of £65,000-per-week.
Terms have been agreed on a three-year deal that will see the 34-year-old earn a staggering £20m and it is understood an announcement will be made imminently.
The striker had a relegation clause in his contract at the Stadium of Light, meaning he could leave on a free transfer after they failed to beat the drop.
His stock remains impressively high despite his age, with 15 league goals scored last season in a woeful team and a recall to the England squad in March.