Karlsson, 29, will become the highest-paid defenseman in the NHL.
The San Jose Sharks have re-signed star defenseman Erik Karlsson to an eight-year deal, the team announced Monday.
Karlsson's purported deal will make him the highest-paid defenseman in the NHL, besting the eight-year, $88 million deal the Kings signed Drew Doughty to in 2018.
Karlsson, 29, is a six-time All-Star. The two-time Norris Trophy winner was due to become an unrestricted free agent.
The Sharks acquired Karlsson from the Ottawa Senators in a trade last September. He tallied 45 points across 54 games this past season and registered a career-low three goals.