Updated

The Indiana Pacers have reportedly signed All-Star forward Paul George to a new long-term contract.

The deal will be announced during a press conference on Wednesday, according to the Indianapolis Star.

George, 23, could make as much as $90 million on a five-year deal under the collective bargaining agreement.

He averaged 17.4 points, 7.6 rebounds and 4.1 assists in 79 games last season and was named the NBA's Most Improved Player.