Michael Jackson is expected to announce a thirty night residency at the O2 Arena in London, according to reports.

The performances, which will take place later this year, will form part of Jackson's first tour in over a decade.

According to the News Of The World, Jackson will earn £30 million from the shows - £1 million a night.

If it happens, the residency will exceed Prince’s 21 shows at the same venue – formerly the Millennium Dome – last year.

Jackson is currently working on a new studio album alongside Black Eyed Peas star will.i.am, and recently collaborated with Kanye West on a remix of his infamous track, ‘Billie Jean’.