Lionel Messi will sign a new five-year contract with Barcelona, a report said.© AFP
Argentine striker Lionel Messi is ready to sign a new five-year contract with Spanish club Barcelona. With the signing of the new agreement, Messi will also take a 50 percent pay cut, Goal.com reported on Wednesday. Messi has agreed to a reduction in annual earnings so he can rejoin Barcelona, and the club will make a formal announcement in the coming weeks. Messi has spent his entire career with Barcelona in 2004 after signing with the club. His contract expired in June this year, but he will now sign a new agreement with the Catalan team.
The striker, who recently lifted his Copa America title with Argentina, earned 550 million euros (£ 468 million / $ 650 million) in his last five-year contract at the Camp Nou, around € 75 million (£ 64 million / $ 89 million) this season.
Previously, Paris Saint-Germain, Manchester City and Inter Milan showed interest in signing Messi.
If Messi signs a new deal with Barcelona, then he will be at the club until 2026 and will have 39 by then.
On Sunday, Messi won his first international title when Argentina won Brazil to win the Copa America title. Messi was named player of the Championship.
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