Lionel Messi has agreed a five-year contract extension with Barcelona after accepting a substantial pay cut, according to reports.

The six-time Ballon d'Or winner became a free agent when his contract at Camp Nou, where he has spent his entire senior career, expired at midnight on June 30.

However, following months of speculation regarding Messi's future, Catalan dailies L'Esportiu and Sport reported on Wednesday that the 34-year-old has agreed to stay on.

An announcement could be made as early as Thursday, it is claimed, once LaLiga officials have signed off on the contract.

Barcelona are facing high-profile financial problems and need to reduce their wage bill if they are to comply with LaLiga's financial fair play rules.

Speaking on Monday, however, Barca president Joan Laporta revealed talks between the Catalan giants and Messi were "progressing adequately".

The same reports suggest Messi has agreed to a far lower salary, potentially as much as 50 per cent on his previous deal that was signed in 2017.

The five-year contract will take the superstar forward through to the age of 39, though Barca may allow Messi to see out the final part of his career in Major League Soccer.

Paris Saint-Germain and Manchester City were the main frontrunners for Messi last year, though neither club made an immediate move for the free agent.

Messi was again hugely influential for Barcelona last season, finishing as LaLiga's top scorer and managing 38 goals and 12 assists across all competitions.

Taking all competitions into account, he created 117 chances for others and netted a goal every 110.32 minutes. 

Full-back Jordi Alba was next on the list of the most chances created for Barca in 2020-21, teeing up 85 goalscoring opportunities.

Despite the speculation surrounding his club future, Messi carried his club form onto the international stage by inspiring Argentina to their first Copa America crown since 1993.

He scored four goals and chipped in with five assists to win his first piece of silverware for his country.

Javier Tebas will not turn a blind eye to LaLiga's financial fair play rules to allow Barcelona to keep Lionel Messi.

Barca president Joan Laporta said this week that talks with Messi, who became a free agent for the first time in his career this month, were "progressing adequately".

And reports on Wednesday claimed Messi had agreed a new five-year contract with Barca that will pay him half his original salary.

Speaking prior to the emergence those reports, LaLiga president Tebas rejected the notion he could ignore salary cap rules to allow Barca to retain the services of the Argentina superstar.

In doing so, he hinted Barca could come under scrutiny from the league if they release players or staff to enable them to keep Messi.

"No, I won't [turn a blind eye] for Messi, it's impossible. There are many workers [at LaLiga] and in the economic control [department] as well," Tebas told Radio Marca.

"We often have to explain [the economic controls] to agents and players because they don't know about it or think clubs are deceiving them, and we've had to explain it in recent years.

"We'll have to analyse everything properly, because if there are dismissals for economic reasons but then they bring in Messi and others... we'd have to look into that.

"Right now, I can only give my opinion, and that is that it is odd that there has been no offer [for Messi] from Manchester City or Paris Saint-Germain.

"And I firmly believe there isn't and that the player wants to stay."

Messi is coming off a 2020-21 season in which he scored 38 goals in all competitions, the fourth-most across Europe's top five leagues behind Robert Lewandowski (48), Kylian Mbappe (42) and Erling Haaland (41).

The sole reward for his efforts was the Copa del Rey, as Barca missed out on LaLiga and lost in the last 16 of the Champions League to Mbappe and PSG.

However, he crowned the campaign with his first senior international trophy, helping Argentina to triumph in the Copa America on Saturday as they defeated Brazil 1-0 in the final.

Chelsea may have been European champions in 2021, but they have not won the Premier League since 2017.

Blues owner Roman Abramovich is reportedly ready to loosen the purse strings to end their league title wait.

Chelsea have been linked with several big-name signings this off-season.

TOP STORY – CHELSEA RELEASE FUNDS TO LAND HAALAND

Chelsea are ready to ramp up their bid to sign Borussia Dortmund striker Haaland now Euro 2020 is over.

Bild reports Abramovich has released the funds required to lure Haaland to London following an impressive 18 months in Germany.

Dortmund have reportedly told Chelsea it will take £150m (€176m) to sign the Norwegian, and Chelsea may sell Callum Hudson-Odoi, Hakim Ziyech and Tammy Abraham to fund the move.

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- Tottenham have set their sights on Southampton forward Danny Ings, making him a priority, claims The Telegraph. Manchester City are also apparently interested.

- Daily Express reports Chelsea are making plans to sign Antoine Griezmann on loan from Barcelona, with the Blaugrana attempting to reduce their wage bill in line with LaLiga salary cap rules.

- Another Barcelona player potentially on the move is Clement Lenglet. According to Sport, new Everton manager Rafa Benitez wants to build his defence around the France international.

- Monaco left-back Fode Ballo-Toure is close to signing with Milan, having already agree personal terms, according to Fabrizio Romano.

- Fabrizio Romano also claims Roma are interested in signing Alex Telles on loan from Manchester United to replace the injured Leonardo Spinazzola.

Kylian Mbappe should join Real Madrid at some point in his career, says Sergio Ramos, but Paris Saint-Germain's new signing wants the France star to stay put for now.

Ramos joined PSG earlier this month, signing a two-year contract with the Ligue 1 giants after leaving Madrid.

The defender, who missed out on Spain's Euro 2020 squad, failed to agree a new deal with Madrid and called time on a 16-year stint in the Spanish capital.

He joins a PSG team who will bid to reclaim the Ligue 1 title in 2021-22, after Lille's triumph last term, while the Champions League will be another one of head coach Mauricio Pochettino's goals.

However, perhaps the first priority for PSG is securing the future of Mbappe.

Neymar is already tied down to a long-term deal, but Mbappe is yet to sign an extension on the four-year contract he penned in 2018.

Mbappe, who endured a difficult Euro 2020 with France, has been heavily linked with a move to Madrid.

When asked if he would advise the 22-year-old to test himself in the Spanish capital, Ramos told Spanish media in a video call: "Of course. Madrid is one of the best clubs in the world. On a historical level, the best.

"For me, great players have to go through there. But now I want him on my team. I want to win and for that I want the best to be by my side.

"Advice on a personal level I could never give. I could tell him something from experience, but I would do it in private. As a PSG player, I would like him to stay. I like to play with the best and Mbappe is one of them."

Asked what he could say to help ensure Mbappe remains at PSG, Ramos said, according to AS.com: "I don't know. When you make the decision to leave or stay, it ends up being very personal.

"In my case, the family, the sports project. I don't know what Mbappe has in mind. I want him to stay here because he is very young and makes a difference.

"Here is a very good team. My winning spirit is what I can contribute to the group and if that can infect a team-mate, the better."

While Mbappe could become one of the most sought-after free agents of 2022, there is currently another superstar without a club.

As it stands, Lionel Messi is yet to agree a new contact with Barcelona, who are struggling financially.

"Leo is one of the best players in the world," said Ramos, who has been a Clasico nemesis of Messi through the years.

"But it is not up to me. I could tell you a thousand things, but they would not be decisive. Each person makes the decisions they have to make. But I like being surrounded by the best and he would always have a place in my team."

Talks between Lionel Messi and Barcelona over a new contract are "progressing adequately", according to Joan Laporta.

Six-time Ballon d'Or winner Messi, who has spent his entire senior career at Camp Nou, is now officially a free agent after his Barcelona deal expired at the end of June.

He has been linked with Manchester City and Paris Saint-Germain in the past, but the 34-year-old is widely expected to remain with the Blaugrana despite their financial problems.

However, Barca must first reduce their wage bill if they are to comply with LaLiga's financial fair play rules and offer Messi the deal he is holding out for.

Messi's club future is now back in focus after helping Argentina to Copa America success last week and Barca president Laporta remains hopeful terms can be agreed.

"[Messi's renewal] is progressing adequately," he told reporters during the presentation of Mago Pop's show 'Nothing is Impossible'.

"All the Catalans, Barcelona, Catalunya and the entire football world are happy because Leo won the Copa America.

"It is very exciting to see the best player in football history get excited about winning a title like this and he made all of us cry with joy.

"He is very happy, we are all happy. I am happy for Leo who has managed [to win the Copa America], together with his team-mates, and that Argentina are once again in the elite. 

"I am happy for Messi's family, for Argentina, for Barcelona who are recognised, admired and loved for having this bond with Leo."

Messi was again hugely influential for Barcelona last season, finishing as LaLiga's top scorer and managing 38 goals and 12 assists across all competitions.

Taking all competitions into account, he created 117 chances for others and netted a goal every 110.32 minutes. 

Full-back Jordi Alba was next on the list of the most chances created for Barca in 2020-21, teeing up 85 goalscoring opportunities.

Despite the speculation surrounding his club future, Messi carried his club form onto the international stage by inspiring Argentina to their first Copa America crown since 1993.

He scored four goals and chipped in with five assists to win his first piece of silverware for his country.

Manchester City's search to replace Sergio Aguero is well known.

Spanish reports have linked Pep Guardiola’s side with Barcelona's Antoine Griezmann.

So, could City - who won the Premier League but lost the Champions League final to Chelsea – be set to bring in the France international? Possibly not...

TOP STORY – GRIEZMANN NOT ON CITY RADAR

Manchester City are ready to ramp up their move for a new striker during the transfer window but will not pursue Barcelona forward Griezmann, claims The Sun.

Pep Guardiola's side will instead set their sights on Tottenham's Harry Kane, while Borussia Dortmund's Erling Haaland is another possibility.

The Sun's report denies Spanish links between City and Frenchman Griezmann, with Barcelona understood to be keen to reduce their wage bill to free up funds to re-sign Lionel Messi.

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- The Daily Mail reports that Atletico Madrid's signing of midfielder Rodrigo De Paul from Udinese will pave the way for Liverpool's proposed move to sign Saul Niguez. De Paul's arrival means Atleti are free to sell him off, with the Reds and Barcelona reportedly interested.

- Juventus are homing in on a transfer for Manchester City's Brazilian forward Gabriel Jesus, while they are also keen on bringing back Moise Kean to Turin, according to Tuttosport.

- Manchester United are edging closer to agreeing terms with French defender and long-term target Raphael Varane for a move from Real Madrid, reports the Mail.

- Jadon Sancho's move from Borussia Dortmund to Manchester United will be confirmed this week with a medical before his post-Euro 2020 holiday, claims The Sun.

- Fabrizio Romano claims that Wolves goalkeeper Rui Patricio will become Jose Mourinho's first signing at Roma imminently.

Inter have agreed to terminate Portugal international midfielder Joao Mario's contract by mutual consent.

The 28-year-old joined Inter from Sporting for €40 million in 2016 after Portugal's Euros triumph but struggled to break into the first team, spending most of his time out on loan.

Joao Mario had a loan spell with West Ham United in 2018, before stints at Lokomotiv Moscow and Sporting.

"Thanks so much Inter. Good luck for the future," Joao Mario posted in a brief message on Twitter.

Joao Mario was part of Sporting's 2020-21 Portuguese Primeira Liga title which ended their 19-year wait.

The Euro 2016 winner only managed 69 appearances for the Nerazzurri during his five years with the club and had one year remaining on his contract.

He is expected to join Benfica but part of his loan with Sporting prevented him from joining another Portuguese club unless Inter paid a significant fee, thus the decision to part ways.

It is understood Benfica were willing to pay €7.5 million for Joao Mario, who cost Inter €40m plus bonuses in 2016 and is now a free agent.

Bayer Leverkusen have confirmed the signing of Mitchel Bakker from Paris Saint-Germain for a reported €10m fee as the Bundesliga side look to bolster their defence.

Bakker, 21, makes the move to Leverkusen on a four-year contract and links up with new coach Gerardo Seoane.

Originally coming through Ajax’s highly acclaimed academy, the left-back made just two senior appearances before moving to France on a free transfer as PSG secured his services with a four-year deal.

In his debut season for PSG in 2019-20, Bakker won a domestic treble, playing the entire match in both the Coupe de France and Coupe de la Ligue finals against Saint-Etienne and Lyon respectively.

The Netherlands Under-21 international typifies the modern-day wing-back, frequently providing as much in attack down the left flank as he does in a defensive sense.

Bakker made 26 Ligue 1 appearances last term and supplied two assists, although these numbers do not tell the full story of his influence.

Leverkusen's new signing (16) created more chances from open play than any other PSG defender, while he also made the most recoveries (124) of the full-back options in the squad.

Atletico Madrid have completed the reported €35million signing of Argentina international midfielder Rodrigo de Paul, with Diego Simeone acquiring arguably the ideal creator for his philosophy.

De Paul, 27, has signed a five-year contract with Los Colchoneros and gets the opportunity complete unfinished business in Spain.

The midfielder spent two years with Valencia from June 2014 but endured an unsuccessful spell, failing to win over Nuno Espirito Santo and then Gary Neville, who allowed him to return to former club Racing on loan in February 2016.

De Paul came through the youth ranks at Racing and made his jump up to the senior side the year after Simeone left the club for Atleti.

After his brief loan return to Racing concluded, Valencia sold De Paul to Udinese where he looked to recapture the form that had earlier seen him identified as one of South America's most-promising young players.

He was a regular throughout his five years in Serie A but enjoyed his finest campaign of all in 2020-21, displaying a skillset that looks an ideal fit for the requirements of a Simeone team.

Throughout Simeone's 10 years as Atletico coach, his signings of creative players have tended to be hit and miss, with it a common conception that his intense demands both in training and during matches can sometimes stifle more mercurial talents who are not used to such workloads.

But De Paul, who is comfortable playing both centrally and out wide, has shown plenty of evidence he should be up to the challenge and is relishing the chance to play under Simeone.

"I'm very happy to have the opportunity of working under Simeone's commands," he told Atleti's website. "Firstly, because of the kind of football manager he is; one of the all-time best.

"I love football, it's part of my daily life, and having a manager of Simeone's high-calibre guiding me is a privilege.

"In addition, it fills me with patriotic pride. I'll enjoy being under his command because I grew up watching him play with Argentina's national team."

Providing creativity is De Paul's bread and butter, with his 82 key passes in 2020-21 bettered by only Hakan Calhanoglu (98) in Serie A.

Of those chances, 34 came from set-pieces, highlighting his prowess from dead-ball situations and ranking him fourth in Italy's top flight.

Only five players got more assists than his nine, but all of them massively out-performed their modest expected assists records, which ranged from 3.4 to 6.7. De Paul topped the charts for expected assists with 10.3 xA, evidence that his assists reflected the quality of his service rather than him getting lucky or benefiting from unusually good finishing by team-mates.

Yet the area which highlights a particular compatibility with Atleti is the fact he won more duels (294) than anyone else in Serie A in 2020-21.

Combine that with his league-leading completed dribbles (122) and it paints a picture of a hard-working player who also possesses the quality to get his team on the front foot.

He will join up with Atleti following a short break having played a crucial role in Argentina's recent Copa America success, in which he got the decisive assist for the Angel Di Maria goal that secured the title.

Lionel Messi seems certain to stay at Barcelona, and he could reportedly be joined by Renato Sanches.

While Messi came out of contract at the end of June, he seems set to stay at Barca, who remain central to plenty of transfer talk.

They are apparently interested in Sanches, who helped Lille win Ligue 1 last season.

TOP STORY – BARCELONA EYE SANCHES

Barcelona want Lille midfielder Sanches, according to Le 10 Sport.

The report says Tottenham are also targeting the Portugal international, who has previously played for the likes of Benfica and Bayern Munich.

Barca have already signed Sergio Aguero, Eric Garcia and Memphis Depay ahead of the 2021-22 season, though missed out on midfielder Georginio Wijnaldum.

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- One player whose future at Barcelona is uncertain is Antoine Griezmann. La Vanguardia reports the forward wants to remain at Barca, where he is contracted until 2024, but could leave given the financial uncertainty at the club.

- Could Kalidou Koulibaly finally be set to leave Napoli for the Premier League? 90min reports Everton manager Rafael Benitez has recommended the defender as a transfer target for the club.

- Also in Serie A and Sky Sport reports Andrea Belotti is set to decide in the coming days whether to renew his contract with Torino beyond 2022. The report says Jose Mourinho's Roma are interested in the striker.

- Barcelona are looking to offload goalkeeper Neto, but finding a suitor for the shot-stopper is complicated, according to Mundo Deportivo.

Lionel Messi lifted the Copa America on Saturday in Brazil.

But back in Europe, rumours continue to swirl about his future.

The 34-year-old forward is out of contract though the latest development suggests a resolution is in sight.

TOP STORY - NEW BARCELONA DEAL LOOMS FOR MESSI

AS reports that LaLiga have authorized Barcelona to register Lionel Messi despite the club's financial concerns.

Messi became a free agent last week with Barcelona working on a new deal, pending their financial constraints having been impacted heavily by the COVID-19 pandemic.

Paris Saint-Germain had been linked with a swoop for Messi but the approval of the authorities to register Messi is a strong indication he will stay.

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- Highly sought-after Saul Niguez is being considered in a swap deal between Barcelona and Atletico Madrid, which would include Antoine Griezmann, claims Football Espana. Liverpool were linked with Niguez earlier this week.

- Chelsea have joined the race for Rennes teenage talent Eduardo Camavinga, alongside Manchester United, Arsenal and Real Madrid, according to Le Parisien.

- Manchester United are ready to spend £17m to sign Napoli's right-back Giovanni di Lorenzo following the Euro 2020 final, reports Il Napolista.

- Fabrizio Romano reports that veteran Italian defender Giorgio Chiellini will sign a new one-year extension with Juventus after the completion of Euro 2020.

- Newly promoted Watford are keen on Udinese's Danish star Jens Stryger Larsen after he impressed during Euro 2020, reports 90min.

- Newly promoted Brentford are preparing a £10m bid for Liverpool's Harry Wilson claims The Sun.

Arsenal have completed the signing of defender Nuno Tavares from Benfica.

The Gunners confirmed on Saturday that Tavares had joined on a long-term deal, with Arsenal having paid the Primeira Liga side a reported €8million plus add ons.

Left-back Tavares made 25 league appearances for Benfica, 17 of which were starts, and proved himself an impressive creative outlet.

Indeed, Tavares created 23 chances in the Portuguese top flight, laying on four assists.

He will link up with the Arsenal squad after travelling from Portugal and completing his period of isolation in the United Kingdom.

"When I finished the season my agent told me that Arsenal were interested in me," Tavares told the club's official website.

"In the first instance I was very happy and after this I dreamed about it, and [spoke about it] with my mum. I was so excited to be here, and now I'm here I'm so happy.

"I'm so excited because it is a big club and for me as a young guy, it is a pleasure to be here.

"[Manager] Mikel [Arteta] and [technical director] Edu helped me so much.

"They speak with me every time, and call me and I feel people want me here. I like that because I need this power and I'm so grateful for this."

Arteta said: "We welcome Nuno to the club. He is a young player with great promise who has developed very well with Benfica in recent seasons and has also shown his quality by being part of Portugal Under-21s.

"Nuno's arrival will give the squad extra strength and options in defence, particularly with this energy on the left side of the pitch.

"We look forward to Nuno's arrival soon, his integration into the Arsenal family and playing in front of our fantastic supporters."

Liverpool are reportedly leading the race to sign Atletico Madrid midfielder Saul Niguez.

Saul has five years remaining on his contract with the LaLiga champions, but could be on the move ahead of the 2020-21 season.

Jurgen Klopp may have competition to land the 26-year-old, with Barcelona said to be interested in a stunning swap deal which would see Antoine Griezmann return to the capital.

TOP STORY - SAUL IN DEMAND

Liverpool have lined up a move for Saul Niguez and are willing to fork out £35million to get their man, according to AS.

The Reds are in the market for a central midfielder after losing Georginio Wijnaldum, who moved to Paris Saint-Germain after his contract expired.

Saul is thought to be the man Jurgen Klopp has identified to fill the void left by Wijnaldum, although Football Espana claim Atletico Madrid and Barcelona could be open to a swap deal, with Antoine Griezmann returning to his former club and Saul joining the Catalan giants.

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- Juventus will step up their attempts to sign Manuel Locatelli are are will to pay €40m for the Sassuolo and Italy midfielder (La Gazzetta dello Sport).

- Arsenal have raised their offer for Brighton and Hove Albion defender Ben White to an initial £48m plus a possible additional £6m in add-ons, according to The Star.

- Chelsea outcast Emerson Palmieri is a target for Napoli and Roma, but Calciomercato say the Serie A clubs are not willing to pay the €20m asking price.

- Felipe Anderson is poised to rejoin Lazio from West Ham and will undergo a medical on Saturday. (Sky Sport Italia, Sportitalia and Tuttomercatoweb).

- Former Argentina striker Carlos Tevez has received three offers to finish his career in the MLS following his Boca Juniors exit. (ESPN Deportes) 

Barcelona have completed the signing of Yusuf Demir on loan from Rapid Vienna with an option to buy.

The 18-year-old winger has earned a fine reputation at home after breaking into the Rapid team so young and has been dubbed the 'Austrian Messi' for his style of play and stature.

He will now hope to link up with Messi himself, providing the Argentina star does sign a new deal at Camp Nou.

Barca have struck a deal to sign Demir on loan for 2021-22 at a cost of €500,000 and they will have the option to sign him permanently for €10million should he impress, the Catalan club said.

Similarly, Demir has also agreed a new contract at Rapid until 2023, meaning they will not lose him on a free transfer next year if Barca opt against making his switch to LaLiga permanent.

Demir's signing falls in line with Barca's recent transfer policy of mostly targeting young players, with Sergino Dest, Francisco Trincao, Eric Garcia, Emerson Royal, Pedri and Frenkie de Jong brought in well before their peak.

The low fees involved and the fact Demir will not demand exorbitant wages are both important factors given Barca's well-publicised financial problems and the fact they are reportedly required to slash their wage expenditure by 40 per cent in line with LaLiga salary cap rules.

Nevertheless, Demir will be seen as a wise yet low-risk move given his burgeoning reputation, which is built around his ability to excite.

While he only started in six of his 25 Austrian Bundesliga appearances (825 minutes) last season, he finished the campaign with a highly respectable seven goal involvements, which averages out at one every 117.9 minutes – only 10 players to play at least 825 minutes had a better record.

Despite only getting the one assist, Demir was a regular source of creativity when he did feature, as highlighted by the fact his 2.7 key passes per 90 was the sixth highest among those to play at least 825 minutes.

But arguably his most notable asset, and the one that inspires the comparison with Messi, is his ability on the ball.

A dynamic and exciting player, Demir attempted 6.3 dribbles per 90 minutes on average, a figure matched by no one who featured for more than 108 minutes last term.

Similarly, he was successful with 3.8 dribble attempts per game, which was also a league-high, and it was that kind of flair that has helped him realise a childhood dream.

"For eight years I was able to learn everything and develop myself at Rapid," he told the Austrian club's website. "That's one of the reasons why I extended my contract for another year.

"I am incredibly grateful to every supervisor, every player and everyone else. With the move to FC Barcelona, ​​an incredibly big childhood dream comes true.

"I will be moving to my favourite club and the biggest club in the world. I came to Rapid as a small child with big dreams and am now an incredibly grateful boy."

While the Austria international looks likely to initially feature more for Barcelona B, he will immediately link up with the first-team squad for pre-season training, allowing him to stake his claim.

Milan have handed defender Davide Calabria a new four-year contract.

Calabria has spent over six years in Milan's first team, making 151 appearances, and has now extended his stay until 2025.

The 24-year-old only had one year left on his previous contract, meaning the new deal is a three-year extension.

Academy product Calabria played 32 Serie A games last season, 30 of which were starts, with both of those figures being career highs.

"AC Milan is delighted to announce the contract extension of Davide Calabria until June 30th 2025," the club said in a statement on Friday.

Stefano Pioli's men finished second in Serie A last season and have already had a busy transfer market.

They completed the signing of Sandro Tonali on a five-year deal from Brescia on Thursday, the midfielder having spent last season on loan with the Rossoneri.

Pioli has urged the club to strengthen his squad if they are to be a force next season and insisted Franck Kessie is happy at San Siro amid speculation over his future.

He is hoping not to lose any more stars after Gianluigi Donnarumma departed at the end of his contract and Hakan Calhanoglu joined city rivals Inter in a surprise move.

In the other direction, Fikayo Tomori returned to San Siro in a permanent deal from Chelsea and Lille goalkeeper Mike Maignan replaced Italy international Donnarumma.