Barcelona: Argentina striker Lionel Messi is all set to sign a new five-year contract with Spanish club Barcelona.
Along with signing a new deal, Messi will also be taking a 50 percent wage cut, reported a media outlet on Wednesday.
Messi has agreed to take a cut on his yearly earnings in order to re-sign for Barcelona, and the club will make a formal announcement in the coming weeks.
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Messi has spent his entire career with Barcelona after signing on with the club in 2004. His contract expired in June this year, but he is now set to sign a new deal with the Catalan side.
The striker who is fresh from lifting the Copa America title with Argentina earned EUR550 million (£468m/$650m) over the course of his last five-year contract at Camp Nou, which equates to around EUR75m (£64m/$89m) per season.
Earlier, the likes of Paris Saint-Germain, Manchester City and Inter Milan had all shown interest in signing Messi. If Messi indeed signs a new deal with Barcelona, then he will stay with the club until 2026 and by then, he will be 39.
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On Sunday, Messi won his first international title as Argentina defeated Brazil to lift the Copa America title. Messi was adjudged Player of the Tournament.
ANI
