Neymar will become the second-highest paid player at Barcelona after verbally agreeing terms on a new four-year contract with the Catalan giants.
This is according to Spanish newspaper Sport, who claim Neymar will put pen-to-paper on the new deal after the Copa America.
The 23-year-old, who joined Barcelona from Santos in the summer of 2013, reportedly agreed to extend his contract until June 2020 back in March. He will earn an astronomical €12 million net per season, a higher figure than any other player at the Camp Nou with the exception of Lionel Messi.
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Neymar has been outstanding in his second season at Barcelona, scoring a magnificent 39 goals in 51 appearances.
He played a key role in Barcelona's historic treble success, scoring in both the Copa del Rey and Champions League finals, and has helped form one of the best attacking triumvirates of modern times alongside Messi and Luis Suarez.
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Neymar has silenced his critics
Barcelona were so successful this season thanks to their unselfish front three, who all worked hard for each other, scoring a hatful of goals and providing numerous assists in the process.
The jury was still out of Neymar prior to the start of this season. He scored 15 goals in 41 matches in his debut campaign at the Camp Nou, but often drifted in and out of matches and didn't always make the right decisions.
Decision-making is a vital attribute for top-level players, but Neymar has demonstrated this season - for both club and country - that he's much more than your average flashy attacking winger: all flair and little substance.
The Brazilian has answered every question asked of him this season and, at this rate, will be a serious contender to make the final three in the voting for the 2015 Ballon d'Or award.
Neymar is a future Ballon d'Or winner
Neymar scored his 44th international goal for Brazil on Sunday night - in a 2-1 win over Peru - and provided the glorious assist which resulted in Douglas Costa's winner in added time.
Currently the fifth-highest goalscorer in the history of the Brazilian national team - a feat made all the more impressive when you consider he doesn't turn 24 until February - Neymar needs 33 more goals to pull level with the legendary Pele.
A future Ballon d'Or winner, Neymar has given himself an excellent chance of ending his career - like Messi - as one of football's all-time greats by extending his Barcelona contract.
Is Neymar now the world's third-best player behind Messi and Cristiano Ronaldo? Have your say in the comments below!