Barcelona will get to keep its talisman Lionel Messi for another five years as the La Liga powerhouse is close to confirming a deal with the Argentine superstar, several media reports said Wednesday.

La Vanguardia newspaper and ESPN reported that Barcelona was on the verge of finalizing the deal, which will include a wage cut for Messi.

Messi, Barca's all-time top scorer and appearance maker, technically ended his 21-year association with the club last month and is currently a free agent after his previous contract expired.

Since Joan Laporta took over as Barca president, the club has been trying to reduce its wage bill in order to keep Messi and stay within La Liga's strict financial control rules.

La Liga chief Javier Tebas said last week that Barcelona, which has a total debt of more than 1 billion euros ($1.18 billion), would not be shown any leniency.

Messi's last contract, signed in 2017, was the most lucrative in world sport according to a January report in newspaper El Mundo.

The club has been trying to rebuild the squad with Junior Firpo, Jean-Clair Todibo and Carles Alena being sold to make way for free signings Sergio Aguero, Memphis Depay and Eric Garcia.

Messi, 34, won his first major international over the weekend when Argentina defeated Brazil in the Copa America final.

Messi was elected the tournament's joint best player along with Neymar after finishing as the tournament's joint top goalscorer with four goals while he also topped the assists charts with five.