The Premier League is closing in on a commercial deal with Electronic Arts (EA), the video-games maker, that would be worth close to £500m – one of the largest such agreements ever struck by English football’s top flight.

Sky News has learnt that the 20 Premier League clubs were briefed at a meeting on Friday that a new six-year partnership with EA Sports worth about £488m is close to being finalised.

One club executive said it would deliver more than £80m annually and would consist of EA remaining as the league’s lead partner, as well as retaining its exclusive electronic game licence.

The lucrative extension is said to be worth more than double the existing deal involving the two parties.

News of the impending extension comes months after it emerged that EA and FIFA, world football’s governing body, were severing their ties after 30 years.

The series of games bearing the FIFA name, and which feature teams and players from the world’s top leagues, including in England, is to be rebranded under the EA name, according to reports last summer.

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The Premier League and EA have had commercial ties dating back to 1998, according to one source.

The New York-listed video game company, which has a market value of about $30bn, has been a lead partner of the Premier League since 2016.

Their new tie-up comes as Liverpool and Manchester United draw interest from potential new investors at multibillion-pound valuations.

The Premier League declined to comment on Friday.

A spokesperson for EA told Sky News: “We don’t comment on details of commercial relationships, or discussions with our partners.

“We’re proud to have a long-standing partnership with the Premier League and its clubs, and appreciate their support in our plans for EA SPORTS FC.

“We have nothing to announce today.”