Former Borussia Dortmund and Bayern Munich midfielder Mario Götze is set to return to the Bundesliga at Eintracht Frankfurt.
Götze’s contract at PSV runs for another two years but his €4.8m (£4.1m) release clause was activated by the Europa League champions.
The 30-year-old did not report back to PSV for the first day of pre-season training under new boss Ruud van Nistelrooy, with the club saying he had been “given permission to complete a move to another club”.
Gotze will sign a three-year deal, or a two-year deal with an option for a third.
Benfica, now managed by Gotze’s former PSV boss Roger Schmidt, AC Milan and Inter Miami also showed an interest previously in the German.