Popstar Michael Jackson is planning a string of comeback concerts in London which could earn him up to ￡45 million, it has been reported.

The 50-year-old star is said to be in secret talks with organisers to stage his pop revival with up to 30 dates at the O2 arena.

The negotiations are thought to be at an advanced stage, with Jackson poised to secure ￡1.5million per night to perform at the 20,000 capacity venue in Greenwich.

It is believed that an announcement confirming the deal will be made within weeks. AEGLive, which runs the arena, has pencilled in Jackson's first performance for July.

The series of concerts would attract fans from all over the world and tickets could sell for as much as ￡1,000 for VIP packs.

Rumours have circulated that the debt-ridden singer, who was cleared of child molestation charges in 2005, is in no fit state to face the demands of performing live.

But sources have dismissed speculation of illness, overuse of prescription drugs and stage fright, and organisers have been told that Jackson is ready to make a comeback.

The London arena is competing with US venues to secure Jackson on the bill, but it is believed that he would favour re-launching his career in Britain because he still enjoys huge popularity in Europe.

The 30-night stint would eclipse the longest run of 21 shows which Prince performed at the O2 in 2007.

(CRI/Agencies February 25, 2009)