Seven-time NBA All-Star Tracy McGrady is finalizing agreement on a one-year contract with China's CBA team Qingdao DoubleStar, a report said on Wednesday.

McGrady, 33, has completed the deal and is expected to leave for the city of Qingdao within the next one to two weeks, according a report by Yahoo!Sports.

McGrady has a large fan base, not only because his glorious days in NBA, but also because he once played alongside Yao Ming, one of the country's most popular sports figure, during his six seasons with the Houston Rockets.