LOS ANGELES-Beyoncé and Jay Z are close to snapping up their dream home for $90 million, $45 million less than the asking price.

The couple have been in negotiations for a hilltop mansion in Bel Air, which was valued at $135 million, for some time and they are reportedly set to finally get their hands on it for the bargain price of $90 million.

A source told the Los Angeles Times that the pair ‘’have agreed in principle’’ a deal for the home.

The luxurious property boats four pools, eight bedrooms and bullet-proof windows, as well as 11 bathrooms, a media room, space for a recording studio and a garage that can house up to 15 cars.

And because it is located in Bel Air’s private East Gate area, the abode also offers stunning views of the city of Los Angeles.

Beyoncé, 35 and Jay Z, 47 - who have daughter Blue Ivy, five and newborn twins, Sir and Rumi - have been seeking to buy a home in Los Angeles for years, but until now, they have been renting after failing with bids for other properties.

It was previously claimed the couple’s friend Gwyneth Paltrow was instrumental in their decision to relocate from New York City to California as the actress advised it would be a better place to raise a family.

A source said: ‘’Beyoncé and Jay Z are making LA their permanent home based a lot on the advice of their friends. The friend that really influenced them to move was Gwyneth Paltrow.’’ The star, who moved back to LA from London with her two children, Apple and Moses and ex-husband Chris Martin in 2013, believes California offers a better quality of life.

The insider said: ‘’Gwyneth was telling Jay and Bey about the quality of life for her kids in LA and really swayed Beyoncé and Jay to make the move.’’