A report in The Australian is claiming that Alessandro Del Piero has decided to accept an offer from Sydney FC.
Talks have this week taken place between the A-League club and the Serie A idol who is available on a free transfer.
The media organisation claims that the 37-year-old has accepted a $2m deal – a record fee in the history of the A-League.
Del Piero, who has left Juventus after 19 years with the outfit, will apparently confirm the switch at a Press conference in Turin on Wednesday morning at 11am.
There is still no confirmation of the move in Italy.
The player’s agent was forced to deny claims made by Sydney last week that a transfer had been wrapped up on Friday.
Betting on Serie A? Bet365 are offering a 100% deposit bonus, up to £200 - find out more