The Dutch club say a five-year contract has been signed, although the Reds are yet to confirm the deal and it is unclear whether all the formalities have been completed.
A statement on the Ajax website, www.ajax.nl read: "The attacker (Babel), who had a contract at Ajax up to July 1 2010, has signed an agreement for five years."
© Copyright PA Sport 2007, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: https://www.givemesport.com/writeforgms