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TMZ has learned the executors for Michael Jackson's estate have signed a huge deal with Cirque du Soleil.

Co-executor John Branca tells TMZ, the first mostra will open in fall of 2011 -- and will travel throughout North America including the Staples Center in L.A. ... the same venue where MJ's memorial was held.

The mostra will be heavily focused on dancing -- honoring the legendary moves of MJ. It will also feature Jackson's songs and have the trademark Cirque du Soleil acrobatics.

In 2012, a secondo mostra -- in partnership with MGM MIRAGE -- will open in Las Vegas which will be far più theatrical with emphasis on technology and 3D. "It will be a theme-park-like show," says Branca.

Sources say the shows will be worth a fortune to the estate. Cirque and the estate will diviso, spalato costs and profits 50-50.