The move is still subject to a medical (which will take place after Euro 2020) but the 21-year-old's contract details have already been revealed.
The winger is set to put pen to paper on a few year deal with a salary in the region of £350,000-per-week, according to Fabrizio Romano, a tier-one source.
Therefore, the England international will become the second-highest earning player in the Premier League (David De Gea will still be top with a salary of £375,000-per-week).
Highest-earning Premier League players:
David De Gea - £375,000-per-week
Jadon Sancho - +£350,000-per-week