The players have been negotiating with the Football Association for a year to reach an agreement over their fees. Over the weekend, they threatened to boycott the Football Gala on Monday, unless an agreement had been reached. The Football Gala is held every year, and awards various prices to players, including the Gold and Diamond ball.
On Wednesday the parties met again, and afterwards announced that they had struck a deal. The contract will be backdated to the first of January this year, and will run for four years.
"It has taken its time, but the most important is that the end result is good. Now we put these negotiations behind us and focus ahead to new victories for Swedish football," the general secretary of the Football Association Håkan Sjöström said in a statement.
In the same statement, the players also welcomed the news, adding that they would be coming to the Football Gala.
"I feel an increadible relief that the agreement has been reached. It has been a long process for all parties, and I am happy that we now can move on and focus on the sport. We are all looking forward to a fantastic football fala, where Swedish Football can be celebrated," said Caroline Seger, who has been part of the negotiating team on behalf of the players..
None of the parties would reveal details of the agreement, but earlier this week, the tabloid Aftonbladet reported that in the previous contract, the players in the women's national team were paid 230 kroner per day.
The announcement comes less than two days after it became clear that the men's team has qualified to the World Cup next year, a feat that is expected to bring in many extra millions to the Swedish Football Association.