The contract is also to include generous bonuses linked to the team's and Isak's successes, including league victory, winning the Asian Champions League or a top scorer win.
Earlier in the week, it was reported that the Swedish national team star himself wanted a salary of around 300,000 pounds a week, equivalent to approximately 3.8 million kronor – but al-Hilal's bid thus exceeds that amount by far.
25-year-old Isak has, according to reports, informed Newcastle that he wants to explore the possibility of a transfer already this summer.
Liverpool has also been pointed out as a potential competitor to the Saudis for the striker's signature.
