The Libertines will receive around £1.5million for performing at the Reading and Leeds festival in August, it’s been reported.
The British group are understood to have agreed to reform in their original line-up for the festival.
It will mark the first time guitarist Carl Barat, drummer Gary Powell and bassist John Hassall have performed with singer Pete Doherty since his acrimonious departure in 2004.
The band will fill one of the headline slots in return for the substantial financial sum, according to the Guardian.
As previously reported on Gigwise, it is thought that The Libertines could record new material and announce additional dates if the performances prove successful.
The full line-up for this year’s Reading and Leeds festival, which runs from August 27-29, will be announced at 7pm.
Reports have also linked Guns N’ Roses, Arcade Fire and Blink-182 to the event.