Moshiach is Already Here

In addition to what was said previously that there is the existence of Moshiach in the spark of Moshiach (aspect of Yechida) which exists in every single Jew, קיימת גם מציותו של משיח כפשוטו there is also the existence of Moshiach in the plain sense (the individual who possesses the all-encompasing Yechida) -- as is known that "in every generation one is born from the seed of Yehuda who is suited to be Moshiach for Israel" (Bartenura on Megilas Rus), "one who is suited by his righteousness to be the redeemer, and when the time will come Hashem will reveal Himself to him and send him, etc." (Chasam Sofer), and if it were not for unwanted things interfering, etc., he would already be revealed and come in actuality.

In accordance with the announcement of my father the Rebbe, Nosi of the generation, Moshiach of the generation, that we have already finished and completed all of the matters of avodah and we are standing ready to greet Moshiach Tzidkeinu, then, in these days all the obstacles and interferences have been nullified, etc., and therefore, there is (not only the existence of Moshiach, but rather) also the revelation of Moshiach, and now we need only לקבל פני משיח בפועל ממש to greet Moshiach in actuality!

Sicha spoken and edited for publication by the Lubavitcher Rebbe, parshas Vayera 5752 (1992)
(bold in original)