Porto will not renew the contract with goalkeeper Iker Casillas.

The current agreement of the Spanish goalkeeper with the Portuguese club expires next summer and the parties will not renew it.

The director of Porto Francisco Marquez in an interview with A Bola reported that Porto has some financial problems.

"Recently our club spends much more money than it can afford. We must cut costs, primarily on the payroll to players. It is for salaries that the most money is spent ".

"Casillas' contract is one of the biggest in the team and it expires at the end of the season. It is unlikely that we will continue to cooperate, "- said Marquez.

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