Portuguese star Luis Figo will leave Inter Milan at the end of the season for Saudi Arabian side Al-Ittihad, the Saudi club's chairman announced Friday.
Mansour al Balawi refused to give any details about the one-year contract Figo has signed with his club in what he said was "one of the biggest transfers ever carried out in the Middle East".
Mansour is currently in Bahrain, where Inter play a friendly on Saturday, to finalize the deal.
Recently there had been press speculation that Figo would move to Saudi Arabia in the January transfer window.
A few days ago the Saudi press reported that Figo had asked Mansour for a monthly salary of one million euros to move to the club based at the Red Sea port of Jeddah.
The 2000 European Footballer of the Year and 2001 FIFA World Player joined Inter from Real Madrid in the summer of 2005.
The 34-year-old midfielder has played respectably well here, but he has not set Serie A alight in the way he did the Spanish championship with Real and Barcelona.
Coach Roberto Mancini uses him regularly, but he is not guaranteed a place in the league leaders' starting line-up.
Figo has played 67 competitive matches for Inter so far, scoring seven goals.
He won the 2006 scudetto here - albeit thanks to Calciopoli, which saw third-placed Inter bumped above scandal-hit Juventus and Milan - as well as the Italian Cup and Super Cup.
The midfielder won 127 Portugal caps and scored 32 goals for his country before retiring from international soccer after a fourth-place finish at the Germany 2006 World Cup.