His foster-father, Earl Svívari, convinces him to stop playing with magic and try to win Princess Dorma of Constantinople as a bride.
Svívari makes a secret betrothal with Dorma, contrary to her father's wishes.
Nikulás then travels to Constantinople where he poses as a merchant in order to insinuate himself into the Byzantine court.
[3] The saga was twice printed in popular editions: in Winnipeg by the Heimskringlu Prentstofa (1889) and in Reykjavík by Helgi Árnason (1912).
This makes it an interesting example of Canadian-Icelandic literature, and an unusually late example of Icelandic readerships for printed romance sagas.