Crystal Palace are set to soar into the realms of the Premier League’s biggest payers after agreeing a four-year deal for Max Meyer worth £35million.

The package works out at nearly £170,000 a week for the Germany midfielder who is available after leaving Schalke at the end of his contract.

Palace would have to pay Schalke a small compensation fee of around £450,000 for the 22-year-old’s training and development.

Crystal Palace have agreed a four-year deal for German midfielder Max Meyer worth £35m

Meyer will become Palace's highest-paid player after completing the move to Selhurst Park

Meyer’s salary will dwarf the £120,000 a week which Palace pay striker Christian Benteke, their biggest earner, who arrived for £27m from Liverpool two years ago.

Palace fans’ favourite Wilfried Zaha, who is wanted by clubs including Borussia Dortmund, Chelsea and Tottenham, has recently rejected a contract offer which would have put him in a similar bracket to Benteke.

Meyer’s salary puts him among the top 20 best-paid players in the Premier League, and in the same tier as Pierre-Emerick Aubameyang and Henrikh Mkhitaryan at Arsenal.

Alexis Sanchez is thought to be the top earner in English football on £390,000 a week at Manchester United, with Arsenal’s Mesut Ozil on £300,000 a week.

Christian Benteke is currently Palace's highest-paid player on a £120,000-a-week contract