Marca says Busquets reach an agreement with Barcelona to reduce his salary, as the midfielder looks to help his club's precarious financial situation.
The agreement was reached during a meeting on Wednesday morning between Jose Maria Orobitg, the player's agent, and Barcelona CEO Mateu Alemany, but there remain some loose ends to be tied up.
Busquets will have a 25 percent pay cut as he follows in the footsteps of Jordi Alba, who agreed a pay cut of the same percentage on Monday.
The 33-year-old will no longer gain a bonus for certain tasks that are deemed routine at the club, such as Champions League qualification, and he will also defer part of his salary in the coming years.
Need a VPN? Or seeking to switch? Then support Tribal Football by clicking here to sign up with our official partners NordVPN. Not only will you receive the best VPN experience, but also great discounts by signing up via Tribal Football. Thanks for your support!