Barcelona are ready to offer Pedro a new contract in a bid to ward off alleged interest from Manchester United, Arsenal and Liverpool.
The Sunday Mirror reports that the Spain international will be presented with new terms, despite slipping down the first-team pecking order at Camp Nou.
Luis Enrique is understood to value the 27-year-old, even though he's only started half of Barca's La Liga games in 2014/15.
The emergence of teenage forward Munir El Haddadi this season has increased competition for places, and that's before the playing return of £75 million summer signing Luis Suarez.
Suarez will be available for selection for the forthcoming El Clasico clash against Real Madrid on October 25, upon the completion of his ban for the part played in an unsavoury altercation during the World Cup in Brazil.
Liverpool are yet to successfully replace the Uruguay international after he left Anfield with Mario Balotelli so far failing to live up to expectations following his £16 million switch from AC Milan during the summer.
Brendan Rodgers had set his sights on Pedro as a possible replacement, but it looks like he'll have to turn his attention to alternative targets if the wide-man extends his stay in Spain.
Likewise, Louis van Gaal will be forced to identify another potential target as he looks to continue his revolution at Old Trafford with more reinforcements set to follow at Manchester United at the turn of the year.
Arsene Wenger will understandably be the most frustrated of the three Premier League suitors, though, after trying - and failing - to lure Pedro to the Emirates Stadium in the summer.
It prompted the Gunners boss to sign the Spaniard's former Barcelona team-mate Alexis Sanchez, who earned himself a move to north London following his impressive performances for Chile at the World Cup.