Valentine Holmes is set to quit the NFL and return to the NRL on a $1 million-a-season deal with the North Queensland Cowboys, according to nine.com.au.
The report states that he has agreed in principle to join the Cowboys after quitting the league last year to pursue his American football dream.
Holmes was picked up by the New York Jets and played a number of trial matches but did not make the 55-man roster.
The news of his impending return to the NRL comes after a report from The Daily Telegraph that he held a secret meeting in New York on Tuesday night with North Queensland coach Paul Green.
The pair reportedly discussed the prospect of him returning home.
While the meeting was kept secret, Holmes' manager Chris Orr is believed to be aware of it.
One well-placed source told The Daily Telegraph: “The Cowboys will be trying to get Val home. It’s not all glamorous over there on the practice squad. He is having some down times.
“North Queensland have room in their cap, they have money there. But Val is a pretty determined bloke. It will be interesting to see how it pans out.”