The Spain international has been in talks over a new deal over the summer and is now set to put pen to paper after agreeing terms.
As well as a wage increase, the 30-year-old’s release clause will increase from €200 million to €500m.
The Catalonia native has made 482 appearances during his 10 seasons to date with the Blaugrana.
Know more about Sport360 Application
Welcome to today’s Barcelona blog. David Cooper and the rest of the Sport360 team will be with you throughout the day with the latest news, rumours and insights from the Camp Nou.
Our daily blog will ensure you have all the latest updates throughout the week but we want you to get involved, too.
Tell us your thoughts on what’s happening by tweeting @Sport360.
20:00 – Poland Under-21 striker Krzysztof Piatek on Barca’s radar
The La Liga champions are monitoring the progress of the 23-year-old Genoa forward, who has netted seven times this season in three competitive games since his summer arrival from Cracovia. Read more on that story here.
14:00 – Pogba would be welcome at Barcelona, says Suarez
Luis Suarez insists Paul Pogba would be welcome at Barcelona as the midfielder continues to be linked with an exit from Old Trafford.
The 25-year-old’s relationship with manager Jose Mourinho is believed to be fractious, with the Frenchman open to a move away from a Red Devils side struggling for form early in the season.
“Pogba is an elite player who has won everything and we always want to have the best,” Suarez told RAC1 on Tuesday.
10:00 – Barcelona step up interest in De Jong
Barcelona are stepping up attempts to secure the signing of Ajax midfielder Frenkie de Jong, reports Mundo Deportivo.
The 21-year-old is set to stay with Ajax for the rest of the season, but the Catalan giants are wary of growing interest from clubs such as Tottenham and PSG.
The Dutch midfielder started 25 times for the Eredivisie side last term, scoring one goal and providing one assist in the process. Ernesto Valverde is reportedly keen to sign De Jong as he looks to bolster his midfield options.
It is believed a bid of as much as €60 million may be enough to get the deal over the line.
Hello Barcelona fans!
The Sport360 team is here to bring you all the latest news and updates from the Camp Nou.
5:15pm – Kylian Mbappe ready to reach Messi’s level, says Schmeichel
Former Manchester United goalkeeper Peter Schmeichel believes Kylian Mbappe is ready to reach the level of Lionel Messi and Cristiano Ronaldo, citing the Frenchman’s performance against Messi’s Argentina at the World Cup as proof.
Read more here.
4:08pm – Barca monitoring Sporting Lisbon starlet
Sporting Lisbon’s 20-year-old starlet Jovane Cabral is reportedly being monitored by Barcelona. The Cape Verde international has one goal and two assists in three substitute appearances this season – his first in the Primeira Liga.
Read more here.
11am – Messi proud to be Barca captain
Lionel Messi says being named Barcelona captain this summer was a “great source of pride”. The Argentine took over the armband following Andres Iniesta’s summer departure, and so far has a perfect record as captain.
Read more here.
10:30am – Malcom suffers injury in training
Brazilian winger Malcom suffered an ankle sprain on Monday and is expected to be out for a week, the club have confirmed.
Read more about the summer signing’s injury here.