Pop star Shakira is reportedly in talks to sign a multi-million dollar (pound) deal with concert promoter Live Nation.
The Colombian beauty could join an elite league of music heavyweights including Madonna, Jay-Z and U2 if the deal goes ahead.
According to the New York Post, the singer - whose deal has been valued at over $70 million (GBP35million) - has agreed to terms including recording, touring, merchandising and other rights.
It is believed a deal could be announced within weeks after 10 months of talks.
Shakira is obligated to release another English-language studio album under the terms of her current contract with SonyBMG's Epic Records. This will be released next spring (09). The label also plans to release a greatest hits album.
A spokesman for Live Nation and Shakira declined to comment on the deal.