French midfielder N'Golo Kanté, recently transferred to Saudi club Al-Ittihad, has reached an agreement to buy rival team "Royal Excelsior Verton" in the Belgian third division.

The club said on Thursday that the former Chelsea star would take ownership of the club from Flavio Pica from Friday.

The club did not disclose financial details of the deal.

N'Golo Kante is now the official owner of Belgian side Royal Excelsior Virton 💰🇧🇪

— ESPN FC (@ESPNFC) June 29, 2023

"Flavio is not happy to be able to hand over the keys to the club to N'Golo Kante, a world-class player, not only for his footballing skills, but also above all for his universally acclaimed humanitarian qualities," the statement read.

"Flavio will hand over the club in good financial condition as it does not have any debts, the new board of directors will take charge in the next few days."

Kante left Europe after winning the Premier League with Leicester and Chelsea, and also led the London outfit to Champions League and FA Cup triumphs.

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A post shared by N'Golo Kanté (@nglkante)

Kanté, 32, contributed significantly to France's 2018 World Cup triumph in Russia.

Media revealed that Kante moved to the federation for an annual salary of 100 million euros and a contract that extends for 4 seasons.