Lionel Messi has reached a verbal agreement on a five-year contract extension at Barcelona, with his salary to be reduced by 50% under terms of the new deal.
The Argentine takes about 138 million Euros – everything included – annually.
The six-time Ballon d’Or winner was officially a free agent as of July 1 after he failed to agree terms over a renewal before his previous Barcelona contract expired on June 30.
Earlier in July, Messi led Argentina to the Copa America title thanks to a 1-0 win in the final against hosts Brazil, bringing an end to his wait for a first major international trophy.
The 34-year-old has now agreed to stay on at his boyhood club for another five years, meaning he will be 39 by the time his new deal runs out – when he will have totaled 26 years on the club’s books.