Sources close to Paris St Germain say the club is set to receive up to 100 million euros (£86.3m) from Al Hilal for the 31 year-old Brazilian as it rebuilds its squad around younger, up-and-coming players.

The deal has been sanctioned by PSG because Spanish coach Luis Enrique was open to letting Neymar leave. Selling Neymar would also shift his 25m euro annual wage from the club’s books, with his existing contract due to run until the summer of 2025.

News of Neymar’s imminent exit comes less than 24 hours after the club confirmed striker Kylian Mbappe had been reinstated to first-team training.

Mbappe is understood to have indicated his commitment to the club, who have offered him a contract with a “guaranteed sale” clause in it allowing him to seal a move to Real Madrid next summer for a fee.

The club had been convinced Mbappe was preparing to let his current deal run out, which would have allowed him to leave Paris and join Madrid on a free transfer next year.

The club acted by omitting the player from the pre-season tour of Japan and South Korea and forcing him to train away from the main first-team group, until the thaw in relations confirmed on Monday.

PSG had also granted Mbappe permission to talk to Al Hilal after receiving a world record £259m bid for the player in July, but it was reported the 24 year-old refused to even meet with a delegation from the Saudi club.

The imminent exit for big money of Neymar and the news on Mbappe marks a major and positive turnaround for PSG.

The French champion is consciously moving away from what its president Nasser Al Khelaifi has called its “bling bling” era, with Argentina playmaker Lionel Messi also exiting the club earlier this summer.

Neymar’s signing for a world record £200m fee in 2017 arguably marked the start of that era, but the club’s incomings this summer indicate a difference in approach, with the likes of 22 year-old Portugal striker Goncalo Ramos changing the profile of the team.