It was rumored that Messi was going to be offered $1 billion to play in Saudi Arabia, a country where he has reportedly already worked as a tourist ambassador, Bloomberg wrote this week.
But the star turned down the payday to head to Major League Soccer's Inter Miami, where details of his agreement have not yet been made public, though there are rumors of profit sharing agreements with Apple Inc. and Adidas AG, the report notes.
"I made the decision that I am going to Miami. I still haven't closed it one hundred percent. I'm missing some things but we decided to continue my journey there," Messi said earlier this week, as was reported by CNN.
Major League Soccer stated: "We are pleased that Lionel Messi has stated that he intends to join Inter Miami and Major League Soccer this summer. Although work remains to finalize a formal agreement, we look forward to welcoming one of the greatest soccer players of all time to our League."