Saudi Arabia club Al-Hilal says it has reached an agreement with Brazilian striker Neymar to terminate his contract by mutual consent.

Neymar and Al-Hilal have come to an agreement to terminate the player’s contract by mutual consent, the club announced on Monday.

Neymar joined Al Hilal in August 2023 for a reported $98 million (approximately Rs 848 crore) transfer fee, reports Reuters. He signed a contract with the Saudi club that paid him $104 million (approximately Rs 900 crore) annually.

Neymar has left Saudi Pro League side Al Hilal after agreeing to a mutual termination of his contract. The 32-year-old forward, who turns 33 on February 5, had entered the final six months of his deal with the club and was free to start negotiating with other teams.

Neymar has parted ways with Al-Hilal by mutual consent, the Saudi Pro League champions said on Monday, after a disappointing spell at the club for Brazil's all-time top scorer.

Following the contract termination, Neymar is set to return to Brazilian club Santos, where he first broke out in the soccer world, soccer journalist Fabrizio Romano reported Monday.

Neymar and Al Hilal will part ways after the Brazilian soccer star and the Saudi Pro League agreed “to terminate their contractual relationship by mutual consent,” the club announced late Monday. His departure opens the door for a reported return to his youth club in Brazil.

Saudi Arabia club Al-Hilal said Monday it reached an agreement with Brazilian striker Neymar to terminate their contract by mutual consent. The deal was due to expire in the middle of the year. The club said in a statement published on X that it “expresses its thanks and appreciation to Neymar for what he has provided throughout his career with Al-Hilal.