Manchester United striker to leave the club and other transfer news and rumours of the day - 5th July 2017

La Liga

Messi will continue to wear the Blaugrana shirt for the near future

- Undoubtedly the biggest news of the day is that Lionel Messi has renewed his contract with Barcelona. The Argentine wizard will earn an astronomical €500,000-a-week salary in addition to a €50 million signing-on bonus in a contract that will keep him at the club until 2021. Barcelona have also reportedly set a €300 million release clause.

BREAKINGLeo Messi will remain at @FCBarcelona until 2021.#Messi2021 pic.twitter.com/Ee0KZIse59

— FC Barcelona (@FCBarcelona) July 5, 2017

- Real Madrid have rejected an €81m bid for Alvaro Morata from Manchester United, according to Goal. The Champions League winners are holding out for a fee of €90m, with United boss Jose Mourinho desperate to sign the Spanish striker.

- Real Madrid have confirmed the signing of Theo Hernandez from Atletico Madrid for a reported fee of €26-30m. The left-back has signed a long-term contract that will keep him at club till 2023.

Official Announcement: Theo Hernández.https://t.co/TKrK5lrNFg#RealMadrid #RMMovistar pic.twitter.com/MqQkFXYdJy

— Real Madrid C.F. (@realmadriden) July 5, 2017