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
-
TEWU raises concern over quality of food served in SHS
50 mins -
Ghanaian students gear up for Robotics World Championship
1 hour -
Political interference makes public sector managers appear incompetent – Dr Manteaw
1 hour -
Police arrest truck driver alleged to have caused train crash
1 hour -
CAF Confederation Cup: Dreams FC depart to Cairo ahead of semis first leg against Zamalek
1 hour -
Liverpool exit Europa League despite 1-0 win over Atalanta
2 hours -
Roma beat Milan to set up Bayer Leverkusen clash in Europa League semis
2 hours -
Mohammed Kudus’ West Ham suffer Europa League elimination
2 hours -
Madam Joyce Oparebea Mintah Addae
2 hours -
Fiscal deficits and debts to remain high over medium term – IMF
2 hours -
Kenyan military chief among 10 people killed in helicopter crash
3 hours -
Insinuating Bagbin is not heeding calls for recall because he is NDC unfounded and unfortunate – Parliament
4 hours -
Ashanti, Nelly are engaged and expecting a baby
5 hours -
New Ghana train on test run involved in accident
5 hours -
World Bank, AfDB partner to provide 300m African’s with electricity access
5 hours