Lisbon: Spain's World Cup-winning goalkeeper Iker Casillas will be released by Porto at the end of the season as the cash-strapped Portuguese giants look to cut costs.
Francisco Marques, the Porto spokesman told A Bola daily, that the former European champions need to slash the contracts of their best-paid players.
"For example, Casillas's deal ends at the end of the season. It's a very expensive contract," he said.
"We will scrupulously pay his salary until the end of the season. We have no alternative."
"But when the contract ends, it will free up millions of euros."
Casillas, his country's most-capped player with 167 appearances, had signed a one-year extension to his deal last July having left Real Madrid in 2015.
Updated Date: Mar 04, 2018 14:45 PM