'A huge step': Matildas secure landmark equal pay deal

The Matildas have reportedly secured a ground-breaking deal to earn the same pay as the Socceroos.

Football Federation Australia and the Professional Footballers Association union will announce the world-first deal which would see Australia's women's senior international team earn as much as their male counterparts, according to The Daily Telegraph.

The Matildas and the Socceroos will reportedly share 40 per cent of commercial revenue and prize money evenly in a landmark agreement, with the player's total share of revenue in the game also set to rise from 30 per cent to 40 per cent.

Fans have overwhelmingly welcomed news of the deal on social media, with some suggesting the Matildas deserve to be paid more than their male counterparts.

Historically the Socceroos have been allocated a greater share of commercial revenues and been paid more to play.

According to the report, both the men's and women's players were committed to changing the pay structure, with officials from FFA and the players union negotiating for months to alter the pay agreement.

The new deal will see the Matildas earn pay parity with their Socceroos counterparts. Pic: Getty

The landmark deal, which is understood to have been agreed in principle and just requires legal ratification, is expected to be announced before the end of the week.

The Matildas take on Chile at Bankwest Stadium on Saturday in the first of two Tokyo Olympics qualifying tune-up games against the South Americans.