Lionel Messi agrees to sign new contract with Barcelona

Lionel Messi of FC Barcelona walks onto the pitch prior to the La Liga match between Elche FC and FC Barcelona.

Lionel Messi has agreed to sign a new contract offered by Barcelona chairman Josep María Bartomeu, the club announced on its official website.

“FC Barcelona has reached an agreement to adjust the terms in the contract binding Leo Messi to the club as a professional first team player. The revised and updated contract will be signed over the next few days,” as stated on the official website.

BREAKING NEWS: Agreement with Leo Messi #messiFCB on http://t.co/fg65RrHlI4 pic.twitter.com/t0JEGlRDxs

— FC Barcelona (@FCBarcelona) May 16, 2014

Although the new terms of the contract agreed between both the parties are yet to be announced, it is being speculated that the new contract will see a major improvement in Messi’s earnings with his salary going up from €13 million to approximately €20 million along with bonuses worth €3 million per season.

The duration of the contract and Messi’s buyout clause remains unaffected, reports Marca.

The 26-year-old has also agreed to end his sponsorship deal with Turkish Airlines, and allow the club to use images of the player.