Jeremy Clarkson has agreed to sign a mega­bucks new deal with Amazon for three more series of Clarkson’s Farm, according to reports.

Nothing is signed yet "however, the expectation is that a deal — likely to be worth at least ­$250 million, like the previous one — will be announced when the third series starts streaming in March or April next year," said the Daily Mail.

Friends of the presenter also told the newspaper they would not be surprised if, at 63, he decided to concentrate solely on Clarkson’s Farm rather than continue to film The Grand Tour and Who Wants To Be A Millionaire.

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Clarkson's Farm, which sees the presenter's attempts to run his Diddly Squat Farm near Chadlington, was an instant hit when it first aired in 2021.

The second series, which started streaming in February, was Prime ­Video’s most watched original show in the UK.

In October, Mr Clarkson confirmed that the filming of season 3 had officially concluded and shared a snap with co-stars Kaleb Cooper, Gerald and Charlie Ireland.

Amazon Prime has not confirmed the exact release date for the third series except to say it will be sometime in 2024.

In February, Mr Clarkson said that his 'rough guess' was that the show would return 18 months from then.

Relations were reportedly strained with Amazon after a newspaper column Mr Clarkson wrote about the Duchess of Sussex, Meghan Markle.

However, sources told the Daily Mail they have since improved and Amazon "is in active talks with Mr Clarkson over Season 4 of the farming documentary series, which is easily its best-performing UK original".

Mr Clarkson's partner Lisa Hogan has also previously hinted there may be season four.

One fan of the show left a comment on her Instagram: 'And season four??' and the former model responded with a thumbs up emoji.

Mr Clarkson has recently admitted he contemplated putting Diddly Squat Farm in Chadlington on the market after a series of "disasters".

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He admitted spending the week contemplating selling the farm after struggling with problems such as failed crops and adverse weather conditions making it hard to turn over a profit.

However, his latest book — Diddly Squat: Pigs Might Fly — came out last month and was an instant bestseller.

Mr Clarkson held a book signing at his local bookshop Jaffe and Neale in Chipping Norton.

He also filmed a final special of The Grand Tour in Botswana this summer with James May and Richard Hammond and it is due to go out next year.

Amazon Prime has been contacted.