The MCG is set to host the WWE, according to the Herald Sun.
The event is expected to be the week after the AFL grand final, with a crowd of over 100,000 tipped to attend.
Victorian tourism body Visit Victoria is set to sign the contract soon, with an announcement set to come at WrestleMania 34 on April 8.
The plan comes after the success of Ronda Rousey’s UFC fight at Etihad Stadium in 2015.
Over 56,000 came out to that event — a UFC record — and the expected turn out for the WWE would smash that attendance.
The event at the G would be a pay-per-view show, with a potential reach of tens of millions audience-wise.