French billionaire Francois-Henri Pinault is reportedly in “advanced discussions” to acquire a majority stake in Creative Artists Agency.

Citing anonymous sources, Bloomberg reported late Thursday night that CAA could receive a valuation of more than $7 billion in the potential deal, though the report also stated that talks could end without a final agreement.

Stacked with talent that includes MLB sensation Shohei Ohtani and soccer legend Cristiano Ronaldo, CAA has an estimated $17.8 billion in sports contracts between active players and non-playing clients like coaches.