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.
Messi sparked an acrimonious transfer row in August last year, when he officially informed the club his wish to activate a clause in his contract which would have seen him leave for free.
However, La Liga president Javier Tebas and Josep Maria Bartomeu - Barcelona president at the time - blocked the move, indicating that the clause was only active until June 10 and any suitor would have to pay his €700m release clause in full.
"And that's the reason why I'm staying on at the club. I'm now staying because the president told me that the only way I could leave was by paying the €700m release clause, which is impossible.", while Messi wanted to listen to the plans of his successor Joan Laporta before deciding his future. Manchester City and Paris Saint-Germain have been the front-running clubs interested in signing him. Messi also wants to one day play in MLS.
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