The 35-year-old's long-term future at the Parc des Princes is believed to be uncertain as his current deal is due to expire in less than six months' time.
PSG head coach Christophe Galtier recently confirmed that the Parisian giants are in "discussions" with Messi over a contract extension, with club president Nasser Al-Khelaifi keen to tie the seven-time Ballon d'Or winner down to fresh terms.
A potential return to Catalan giants Barcelona has been mooted for Messi, as has a possible switch to the MLS with David Beckham's Inter Miami, but Al-Hilal are the latest team to allegedly join the race for his signature.
According to reports in Spain, Al-Hilal are planning to table a staggering £288m-a-year contract offer to sign Messi.
The reported annual figure would see the Argentine overtake Al-Nassr's latest recruit Cristiano Ronaldo as the highest-paid player in world football.
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