Spanish winger Cristian Tello will sign a new long-term contract with Barcelona on Friday morning.
The 22-year-old, who made his first-team debut for the La Liga champions in 2011, will now remain with the club until at least 2018.
A statement on the club's official website also revealed that the attacker's buy-out clause will be set at £22m.
"Cristian Tello is set to sign his new contract on Friday," read the statement.
Tello made 34 first-team appearances for Barcelona last season, scoring eight goals in the process.