Real Madrid however are on the verge of agreeing a staggering £106m a year, according to reports in Spain.

According to , the deal will be for about 10 years which will be worth over £1billion mark.

“The most expensive shirt in the world,” Marca screamed on their front page with a picture of Real Madrid shirt.

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Madrid’s potential new deal is so huge that it is bigger than that of Chelsea, Arsenal and Liverpool's combined.

Real Madrid only signed a new deal with adidas in 2012 which was due to run until 2020 but the new agreement would replace that one at the end of the current season.