Schalke have confirmed that they have agreed a deal to sell Peruvian attacker Jefferson Farfan to Al-Jazira in the United Arab Emirates.
Sources had told ESPN FC that Farfan, 30, was set to move to Abu Dhabi on a three-year deal.
Schalke sporting director Horst Heldt has now confirmed that the German club have settled on a transfer fee.
"Schalke and Al-Jazira have reached an agreement in principle," Heldt told kicker.
Farfan has been at Schalke since 2008 and his contract is due to expire next June.
The former PSV player could earn over €10 million per year if he moves to Abu Dhabi according to kicker, while Schalke would receive just under €10m should the sale go through.
Farfan, who attracted the interest of Liverpool and Tottenham in the past, will complete Al-Jazira's four-man foreign quota for the new season.
The winger joined Schalke from PSV Eindhoven in 2008 and has made over 200 appearances for the club, scoring 53 goals.
Farfan saw his playing time last season restricted by injuries but impressed at the recent Copa America in Chile, playing in four of Peru's five games as they reached the semifinals.
Schalke, who finished sixth in the Bundesliga last season, could use the money to fund the purchase of Inter Milan attacking midfielder Xherdan Shaqiri.
Al Jazira finished second in the Arabian Gulf League last season and they hope the arrival of Farfan will boost their chances of claiming the title for the coming campaign.