Kurtley Beale is reportedly set to sign a record two-year deal worth $2.7 million with the London Wasps, according to the Daily Mail.

Such a deal is unlikely to be matched by the Australian Rugby Union even if Beale enters into a flexible deal which allows him to play in Japan.

It would make the Waratahs and Wallabies inside centre the highest-paid player in the English premiership, and the equal-highest paid Australian abroad along with Matt Giteau at Toulon.

Crucially, the 27-year-old would still be able to play for the Wallabies given he has now played 60 Tests for Australia.