Barca and Messi part ways

Both parties, that is Barcelona and Messi deeply regret that the wishes of the player and the club will ultimately not be fulfilled - Barca revealed.

Barca and Messi part ways
Lionel Messi

Barcelona and Messi have parted ways.

The Spanish club ahead of the new season was looking forward to renewing the contract of their captain following talks.

The Catalans in a press statement have dismissed hopes of Messi's return due to 'financial and structural obstacles.'

The Argentine star's latest deal expired this summer but he was expected to commit to a new contract ahead of the new season.

Messi held talks with the club on Thursday but the meeting did not go well and the Catalan side have confirmed he will not return.

A statement on the club's website read: "Despite FC Barcelona and Lionel Messi having reached an agreement and the clear intention of both parties to sign a new contract today, this cannot happen because of financial and structural obstacles (Spanish Liga regulations).

"As a result of this situation, Messi shall not be staying on at FC Barcelona. Both parties deeply regret that the wishes of the player and the club will ultimately not be fulfilled.

"FC Barcelona wholeheartedly expresses its gratitude to the player for his contribution to the aggrandisement of the club and wishes him all the very best for the future in his personal and professional life."