Lionel Messi is set to extend his stay at Barcelona by signing a new five-year deal, with the Argentine talisman set to take a wage cut, La Vanguardia newspaper and ESPN reported on Wednesday
Lionel Messi is set to extend his stay at Barcelona by signing a new five-year deal, with the Argentine talisman set to take a wage cut, La Vanguardia newspaper and ESPN reported on Wednesday.
Messi, Barca's all-time top scorer and appearance maker, technically ended his 21-year association with the club last month and is currently a free agent after his previous contract expired.
Since Joan Laporta took over as Barca president, the club has been trying to reduce their wage bill in order to keep Messi and stay within La Liga's strict financial control rules.
🚨 Messi and Barcelona have reached an agreement for a new five-year deal, sources have confirmed to @moillorens and @samuelmarsden 🚨— ESPN FC (@ESPNFC) July 14, 2021
Sources also confirmed Messi has taken accepted a significant wage reduction to prolong his stay 💸 pic.twitter.com/Iq75nYt7RB
La Liga chief Javier Tebas said last week that Barcelona, which has a total debt of more than 1 billion euros ($1.18 billion), would not be shown any leniency.
Messi's last contract, signed in 2017, was the most lucrative in world sport according to a January report in newspaper El Mundo.
The club have been trying to rebuild the squad with Junior Firpo, Jean-Clair Todibo and Carles Alena being sold to make way for free signings Sergio Aguero, Memphis Depay and Eric Garcia.
Messi, 34, won his first major international title with Argentina over the weekend when they beat rivals Brazil in the Copa America final.
Messi was elected the tournament's joint best player along with Neymar after finishing as the tournament's joint top goalscorer with four goals while he also topped the assists charts with five.
BREAKING: Lionel Messi is set to extend his contract with Barcelona until 2026, Goal can confirm ✍️— Goal (@goal) July 14, 2021
Messi will take a 50% wage cut in order to prolong his stay at Camp Nou 💙❤️ pic.twitter.com/9O3xMWypXM