Jermain Defoe will return to the Premier League after Sunderland agree an £80,000-a-week deal to sign the striker according to The Sun.
That will see Defoe earn a staggering £14 million if he sees out the three-and-a-half year contract he is set to sign.
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The England hit man has been training with former club, Tottenham Hotspur since the end of the MLS season but he has also been looking to secure a move away from Toronto. It's understood he will travel to Wearside today to finalise the deal.
Sunderland's lack of goal scorers
It's also understood that the club will pay £3m to Toronto and the deal could also see USA International striker, Jozy Altidore go the other way.
Altidore has only scored three times in 50 appearances in all competitions for the club.Which is why Gus Poyet has dipped into the transfer market to sign a striker who will fire them away from the bottom three. The Black Cats are just one point clear of the relegation zone having won just 3 of their 21 games so far this season.
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Proven track record
Defoe leaves Toronto having scored 11 goals in 16 MLS appearances. He's also scored 123 Premier League goals in 379 games. 90 of those were for Tottenham.
That is exactly the sort of record Sunderland that Sunderland are looking for given the fact that Steven Fletcher, Connor Wickham and Altidore have only scored 6 goals between them this season.
Hull City, Queens Park Rangers and Leicester City were all interested in Defoe however, for Hull in particular, financial reasons saw them ponder over the deal which allowed Sunderland to pounce.
Defoe could even make his debut as early as Saturday which, ironically, would see an emotional return to White Hart Lane as Sunderland face his former club Tottenham.