Shanghai SIPG to Make Chelsea's Oscar Football's Third Highest Paid Player: Report

Chelsea midfielder Oscar
Chelsea midfielder Oscar at Stamford Bridge, London, March 19. Shanghai SIPG will reportedly make him the world's third-highest paid footballer. Alex Morton/Getty

Chelsea midfielder Oscar will become the third-highest paid player in the world when he moves to Shanghai SIPG in January, according to a report.

Oscar, 25, is set to earn £20 million ($25 million) per year after tax at the club managed by former Chelsea head coach Andre Villas-Boas, a massive upgrade on his current Chelsea deal, The Times claimed Thursday.

The deal will put Oscar in front of Real Madrid's Gareth Bale, who recently signed a new six-year contract with Real Madrid worth a reported £18 million ($22.5 million) a season, behind only Cristiano Ronaldo and Lionel Messi.

Chelsea will also pocket a massive profit on a player it signed for £25 million ($31.2 million) in 2012 from Brazilian side Internacional. Oscar, who has 48 Brazil caps, will cost upwards of £52 million ($64.9 million).