Barcelona have reached an agreement with their playing squad to slash salaries by €122 million (£110m/$146m) over the next three years, the club has confirmed.
However, the Blaugrana will still pay out €50 million (£45m/$60m) per season during that period on wage packets.
The club has been forced to make cuts to their budget after La Liga imposed a lower salary cap upon them last week, as they look to stave off financial disruption brought on by the Covid-19 pandemic.
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League president Javier Tebas brought in the measures to curb excessive spending with supporters still banned from stadiums amid the ongoing health crisis.