Wallabies star Kurtley Beale is reportedly close to signing a huge deal with London Wasps which would make him the third highest paid rugby union player in the world.

UK newspaper, The Daily Mail, has reported that Beale is close to signing a two-year deal worth $1.35 million per season.

The deal was reportedly created by the Stellar Group, the same player agent company that orchestrated the world record transfer of Welsh star Gareth Bale to Real Madrid and would make Beale the highest paid player in English rugby.

Beale has previously expressed his interest in making the move overseas.

“I think I'll definitely, if it comes to that stage, be thinking about it,” Beale told reporters in February.

“If the opportunity comes up, I'd love to express my interest, but my focus now is purely on the pre-season and working hard with the team and getting ready for the Reds for round one.”