After an acrimonious negotiation, FFA and PFA are on the verge of a historic deal that would see Matildas players become full time athletes for the first time in the national team's history.

Fairfax Media reports that the new deal offered for the Matildas would see contracted players set a base salary of $34,000 per year with the 10 best national team players on $44,000.

The tiered system would mirror that of previous years to reward the top performers and for the first time allow all players contracted players to earn the national minimum annual wage.

[MORE: Full coverage of the Matildas CBA dispute]

The offer would increase the player payments pool from $750,000 per year to $1 million with incremental increases over the four year term of the CBA.

If the agreed to, this could be a game changer for women's football in Australia with the Matildas joining the elite women's football nations, including USA, Germany, France, Japan and England, in full time athletes status.

While a significant pay increase on the previous $23,000 offer from the FFA, there are still ongoing negotiations regarding several CBA conditions including a stipulation for contracted players to play in the W-League and a parental policy.

Once negotiated and documents between the parties, the new offer will then go to a vote of the Matildas player group.

The new deal would come at the end bruising dispute which saw the Matildas players strike for the first time in their history, withdrawal from a high profile tour of the USA to meet the newly crowned world champions.