Barca president Joan Laporta will personally meet with Xavi at the end of the season to convey the club's final decision to the manager.
Barca have shortlisted Hansi Flick and Rafa Marquez as Xavi's potential replacement options if the Spaniard is given the sack.
According to earlier reports, Barca cannot afford to sack Xavi as it stands unless they receive some financial boost from investors before the end of the season.
Concrete sources say Barca would have to pay Xavi a whopping €20m if they go ahead and fire him. Xavi was prepared to leave the club at the end of the season without accepting any compensation — Barca pleaded with him to stay.
Xavi is now expected to scrap them for every Euro if they decide to break their word and fire him after all.
