Saudi Arabia is preparing a package worth more than $1.35 billion to tempt Real Madrid and its star winger Vinicius Jr.

Vinicius Junior will reportedly turn down a lucrative multi-million dollar offer to join the Saudi Pro League, with Real Madrid head coach Carlo Ancelotti offering insight into the Brazilian winger's decision.

Carlo Ancelotti said Vinicius Junior is focused on "choosing glory" with Real Madrid over pursuing a lucrative move to Saudi Arabia on Tuesday, ahead of Madrid's crunch Champions League tie with Brest.

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.

Saudi Arabia's market regulator said on Monday it would allow foreign investment in listed companies that own real estate within Islam's two holiest sites of Mecca and Medina, as the Gulf country looks to attract more investment.