Tebas told a press conference he hoped to seal a new deal by March 2018 and that the sum included feees for domestic and worldwide broadcasting rights.
The Catalan side have already lost Neymar to Paris Saint-Germain and there was talk the Argentina global could also be on his way out.
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In Guillem Balague's Q&A with Sky Sports on October 20, he said: "Messi is getting paid according to the new contract. Contracts are official once they are signed, not when the club announces it has been signed", he said.
"Messi has renewed his deal, at least that's what Barcelona have suggested to me".
Barcelona CEO Oscar Grau said the La Liga club would offer him a new lifetime deal but questions still linger over whether Messi has signed any necessary paperwork.
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Losing the talisman, who has scored 523 goals for the club in 600 matches and has a strong claim to be the best player of all time, would be a cataclysmic blow to Barcelona, and the idea of him departing for nothing would be even more unthinkable.
However, Messi claimed last week he does still harbour a desire of returning to Argentina to represent his former club Newell's Old Boys.
With regards to PSG and City Tebas was blunt: "I don't think they are cheating, I know they are".
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