Lionel Messi will sign a new contract at Barcelona on reduced terms as long as the club show ambition in the transfer market.

The six-time Ballon d’Or winner has told president Joan Laporta that he is willing to renew his contract at reduced terms.

The 33-year-old's continued relationship with Barcelona is contingent on the club competing for next year’s Champions League. Therefore, the Argentine expects the club to invest heavily in strengthening the squad.

Ronald Koeman had, Fermín de la Calle of Eurosport Spain reports, identified Memphis Depay as a potential target but Laporta has informed Messi that the club are set to begin negotiating a deal for Erling Haaland. However, to be able to finance that deal, Laporta told Messi that the club would not be able to match his current wages of €40 million net a year.