Lionel Messi has agreed to stay at Barcelona on a deal until 2026 that includes reducing his wages to half of his previous earnings.
The announcement is dependent on player departures that will allow Barca to fund the Argentina captain's wages.
Messi, 34, was a free agent after his contract - that reportedly paid him £123m a season - expired on 30 June.
He is on holiday after winning the Copa Americaand the finer details of the contract are yet to be finalised.
Re-signing Messi was the principal summer target of new chairman Joan Laporta.
Barca are also looking at a swap deal involving forward Antoine Griezmann and Atletico Madrid midfielder Saul Niguez, with the idea of reducing the wage bill.
Fringe players such as Junior Firpo, Jean-Clair Todibo and Carles Alena have already been sold to free up budget but other big-name departures will also need to take place.
Messi had been linked with moves to Paris St-Germain and Manchester City, where he would be reunited with his former boss at Barcelona Pep Guardiola, as well as America's Major League Soccer, which he has previously considered experiencing.
Messi is Barcelona's record scorer with 672 goals and has won 10 La Liga titles, four Champions Leagues, seven Copa del Reys as well as claiming the Ballon d'Or on a record six occasions.
Latest Stories
-
Yaw Nsarkoh: Bit by bit we will understand China
5 hours -
Looted and returned: Asante royal artefacts on display for public viewing at Manhyia Museum
6 hours -
Suspected killer in Kasoa land dispute shooting not a National Security operative
6 hours -
Ghana appoint four Para Athletics coaches in Preparation for Paris 2024
6 hours -
Kumasi Cheshire Home decries inadequate equipment; seeks public support
7 hours -
UCL: Niclas Fullkrug hands Dortmund first leg advange over PSG
7 hours -
GPL: Accra Lions beat Hearts of Oak to go third
8 hours -
Seek higher grounds as rains intensify – GMet warns
9 hours -
May Day: Sam Ankrah promises to prioritise welfare and well-being of workers if elected president
9 hours -
Bawumia plans door-to-door campaign for 2024 polls
9 hours -
GAF condemns ‘unprovoked’ fatal shooting of soldier in Kasoa land dispute
9 hours -
OSP’s request for money laundering probe against Cecilia Dapaah baseless – AG advises EOCO
10 hours -
Obofour Raphael releases ‘Asem Yi Di Ka’ EP
10 hours -
‘Operation Clean Your Surroundings’: Popular Kenkey joint and public toilets in Takoradi shut down
10 hours -
GFA boss Kurt Okraku graces Dreams FC’s dinner to celebrate CAF Confederation Cup exploits
11 hours