The transfer fee for the rights of Obafemi Martins from Shanghai Shenhua to the Seattle Sounders and Major League Soccer will be $2 million, Sports Illustrated's Grant Wahl is reporting Tuesday, with official confirmation of the deal to follow as early as Thursday.

Share story

The transfer fee for the rights to forward Obafemi Martins paid by Shanghai Shenhua of the Chinese Super League to the Sounders and Major League Soccer will be $2 million, according to a report.

Sports Illustrated’s Grant Wahl also reported that official confirmation of the deal could come Thursday.

How much of that money goes directly into the Sounders’ slush fund is complicated — though Seattle won’t receive any allocation money, it could pocket from two-thirds to the whole fee for future investment, depending how big of a chunk is owed to MLS by league rules. What this move would do is open up a Designated Player spot as well as those significant resources that could be used for a high-profile replacement.

Martins is traveling to China today to finalize the deal, Wahl reported, with former Red Bull Tim Cahill on the outs at Shenhua to free up an international roster spot.

The 31-year-old scored 40 goals in 72 MLS games, finishing second in the MLS MVP voting in 2014.

Here’s more background on the reported deal, with further updates to follow.