Madonna is in talks to quit Warner Music and ink a new record contract valued at around $100 million, it has been claimed.
The pop superstar is understood to be nearing the end of her deal with the label which has been her home for almost 25 years.
As previously reported, she has apparently been approached by Live Nation, who are market leaders in music promotion across the globe.
The deal, covering future touring and releases, is said to be worth £50.5 million ($100 million), marginally outstripping Robbie Williams' contract with EMI in 2002.
Madonna is understood to be nearing completion on the follow-up to "Confessions On A Dancefloor", with Timbaland and Justin Timberlake amongst the collaborators.