Barcelona and club legend Lionel Messi have reportedly finalized an agreement on a new five-year contract to bring him back to Camp Nou after he became a free agent July 1, according to Moises Llorens and Sam Marsden of ESPN.
Llorens and Marsden noted the forward will take a "significant wage reduction," while Adam Shergold of the Daily Mail reported the pay cut could be up to 50 percent to remain at the club.
The new contract also reportedly has a termination clause of £320 million.
Messi's historic Barca career nearly came to a close last year, telling Goal's Ruben Uria in September he'd informed then-president Josep Maria Bartomeu of his intention to leave before the club decided to enforce a disputed contract clause and uphold a €700 million buy-out fee, which made it "impossible.