Barcelona say they have reached an agreement with young forward Cristian Tello to extend his contract until June 2016.
The new deal will set Tello's buyout clause at 10 million ($13 million).
The 21-year-old Tello is the latest prospect to come out of Barcelona's highly productive academy system.
He has scored twice in the Spanish league and once in the Champions League this season.
Barcelona say the player has agreed to sign the new deal on Monday.