Lionel Messi has agreed to join Paris Saint-Germain on a two-year contract.
The six-time Ballon d’Or winner arrived in Paris on Tuesday afternoon to seal his move to the French club on a two-year deal – with an option for a third – worth £25m per year after tax, plus bonuses.
The French club posted a twitter video teasing his arrival, accompanied by the words “New diamond in Paris”, with a press conference scheduled for Wednesday morning.
Messi – who will receive a £25m signing-on fee as part of the move – was set to extend his 21-year stay at Barcelona by signing a new five-year deal this summer.
However, the club announced on Thursday that financial and structural obstacles meant the deal could not be completed, meaning Messi left as a free agent.
The 34-year-old said he wanted to stay at Barcelona and did everything he could to remain at the club, including agreeing to a 50-per-cent wage cut.
However, Barcelona are hamstrung by La Liga’s rules on club spending and even halving Messi’s pay was not enough to ensure he remained at the Nou Camp.
Messi is also believed to be keen to reunite with Neymar, with whom he won two La Liga titles, three Copa del Reys and the Champions League during their time together at Barcelona.
Neymar also took to his Instagram page to welcome Messi to PSG.