Lionel Messi and Paris Saint-Germain have formally agreed a deal which will see the Argentinean superstar join the French giants on a lucrative two-year contract.
After a weekend of negotiation it appears that Messi has now accepted the contract proposals with a whopping annual salary of €25m (£21.5m), with the deal lasting until 2023 but with the option of a one year extension at the same rate.
A press conference is set to take place on Wednesday at the Parc des Princes.
The player’s representatives and Barcelona had earlier moved to dispel reports that the Spanish side made a last ditch bid to keep Messi.
Sources close to negotiations have re-affirmed that Barcelona could not afford to keep Messi even if he stayed for free as, even without him, they are above the wage cap for LaLiga this season. For that reason they did not attempt to persuade Messi to drop his salary.
His pending arrival comes at a time when French clubs are reeling from failed TV deals which has impacted revenue.
It is hoped Messi’s presence will stimulate new negotiations with interested TV companies to benefit clubs across the French league.