Barcelona teenager Pedri has agreed to a long-term contract extension with the struggling club.
The 18-year-old Spanish international, who was named to the tournament’s Euro 2020 selection, will remain at Camp Nou until 2026.
His new contract includes a 1 billion euro buyout clause and will be officially signed on Friday.
Pedri, who had been linked to Liverpool, joined Barcelona from Las Palmas in August 2020 and quickly established himself as a starter in midfield.
He played 53 times last season, the most appearances of all at the club.
His new contract is rare good news, as Barcelona continues to fight on and off the pitch. He is ninth in La Liga and has lost his first two Champions League games.
Lionel Messi was forced to leave the club over the summer as he was unable to pay for his new contract, while experienced players such as Gerard Piqué and Jordi Alba agreed to pay cuts to allow Ronald Koeman’s team to register their new signings.
President Joan Laporta exposed his financial problems in August, saying: “Barcelona has a negative net worth of 451 million euros, it is a terrible inheritance. What has been happening is very worrying.”
“The situation is dramatic, but we have good news. The strategic plan based on our credibility and experience, on the assets that Barça has, makes this situation temporary.
“I think that in a couple of years, the club’s economy will be healthy.”