Reading are set to clinch the signing of Pavel Pogrebnyak within the next 24 hours after agreeing a £12 million package, Goal.com can reveal.
The Russian striker, who is a free agent, has agreed a four-year contract to join the Premier League new boys, worth £60,000-a-week.
Goal.com understands that the terms of the deal are both twice as long and twice as financially rewarding as the two-year, £30,000-a-week contract proposed by Fulham.
Pogrebnyak has passed a medical at the Madejski Stadium and will sign for Reading subject to gaining a work permit.
He will become comfortably the highest paid player in Reading’s history in a move that shatters the club’s wage structure and is also a huge statement of intent under the new ownership of Russian tycoon Anton Zingarevich.
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The striker, who has returned from Euro 2012 after playing only the final 18 minutes of Russia’s failed campaign, is available on a free transfer after his contract with Stuttgart expired this month.
The German club wanted £3million for Pogrebnyak in January but Fulham were unable to agree a deal as the transfer deadline ticked down and will now have to switch their attention elsewhere after losing out on the player altogether.