Messi agreed to lower salary by 50% for Barcelona

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Barcelona are ready to confirm the news that Lionel Messi has signed a new contract, with reports from Sport claiming there is now a verbal agreement in principle.

Messi has been a free agent since the start of this month after his existing contract expired.

Barca’s financial woes have added further fuel to the departure of messi with Manchester City and Paris Saint-Germain linked with a potential move and the Catalan giants falling foul of La Liga’s salary cap rules.

Memphis Depay, Eric Garcia, Sergio Aguero and Emerson have already been signed this summer, but thus far have been unable to be officially registered due to their bloated wage bill.

But Messi looks set to hand president Joan Laporta a huge boost by agreeing to a 50 per cent wage cut.

Marca claims that the 34-year-old has agreed to the reduction in wages and will sign a five-year deal soon.

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