Barcelona ready to hand €60m Dani Olmo massive six-year contract as Catalan giants rival Manchester City for Spain's Euro 2024 hero

According to Sport Bild, despite the expiration of Olmo's €60 million (£50m/$66m) release clause on July 20, Leipzig remains open to negotiations. The Bundesliga club are aware of the widespread interest in their playmaker, with Manchester City, Atletico Madrid, and Bayern Munich among the potential suitors along with Barcelona - who are making a determined effort to secure the Spaniard's signature.

Barcelona's inability to activate Olmo's exit clause upfront has led them to devise a new payment strategy. The club is looking to structure the transfer fee to fit their financial constraints and could propose to offer a base transfer fee of €40 to €50m, potentially paid in up to three installments. The remaining amount to reach the €60m valuation would be covered through performance-based bonuses.

Barcelona has reportedly offered Olmo a six-year contract. This lengthy deal would allow the club to amortise the transfer fee over several years, easing financial pressures and complying with regulations from La Liga and UEFA. The proposed contract for Olmo includes an initial salary similar to his current earnings at Leipzig, around €11 million (£9m/$12m) annually. However, the salary is set to increase significantly from the third year of the contract, following a model used with other high-profile signings like Robert Lewandowski and Ilkay Gündogan.

To facilitate the financial flexibility needed for Olmo's acquisition, Barcelona are considering offloading several players. Among those potentially up for sale are central defenders Clement Lenglet and Inigo Martinez, as well as young Brazilian talent Vitor Roque. Alongside Euro 2024 standout Nico Williams, Olmo has become a prime target for the Catalans and their coach, Hansi Flick and they pulling the strings to get their desired transfer target.