If approved, the move would make Lukaku the most well-known player to have joined the Saudi Pro League since the illustrious striker Cristiano Ronaldo, who joined Al-Nassr after his contentious departure from Manchester United in December.
This summer, the Belgian's loan at Inter Milan, the runners-up in the Champions League, will come to an end. Lukaku will then rejoin Chelsea under new manager Mauricio Pochettino.
The forward, who cost £98 million to go to west London in August 2021, left Stamford Bridge under controversial circumstances last summer after telling Italian media he wanted to leave no later than six months after his move.
Lukaku allegedly spoke with Al-Hilal representatives about the agreement on Monday in Saudi Arabia, but it is thought he will only turn
According to GOAL, Chelsea is willing to let Lukaku go but will seek a transfer fee of at least £43 million, which is less than half of what they paid for him two seasons ago.
The source adds that Al-Hilal will bargain with Chelsea chairman Todd Boehy to reduce the asking price because they are hesitant to pay the Blues' demand.
Following a terrible campaign in which they finished 12th in the Premier League and missed out on qualifying for Europe, the Stamford Bridge management is prepared to restructure their team ahead of next season.
Ronaldo paved the way for other European athletes to play in the Saudi Pro League by signing a lucrative contract for £173 million annually with Al-Nassr in January.
Riyad Mahrez, Neymar, and Luka Modric have also been linked to moves to the Middle East, while Al-Hilal is interested in Roma manager Jose Mourinho, who previously oversaw Lukaku at Chelsea and Manchester United.
The Belgian scored three goals on the way to the Champions League final during his loan with Inter Milan, totaling 14 goals and seven assists.
Romelu Lukaku is expected to get a two-year, £43 million contract offer from Al-Hilal this summer, per reports.
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