Barcelona have reached a preliminary agreement with Sergio Busquets over the extension of his contract that will see the midfielder commit his future at Camp Nou until 2019.
The 26-year-old will sign a one-year extension to his current deal with the option for a further year, as a result of recent transfer interest from a host of top European suitors, including Manchester United.
But, despite receiving admiring glances from elsewhere, Busquets is ready to extend his stay with the Catalan giants, after successful talks were held between his agent Jose Maria Orobitg and the club's director of football Raul Sanllehi, according to Spanish newspaper Marca.
Busquets will become the fourth highest paid player in Luis Enrique's squad behind only Lionel Messi, Xavi Hernandez and Andres Iniesta, which is a reflection of the Spain international's growing importance to the first-team.
Negotiations have been ongoing for a number of weeks but only now has there finally been a breakthrough after Barcelona agreed to meet the player's demands, which have understandably increased alongside his level of responsibility in the side.
Orobitg even met with Barca president Josep Maria Bartomeu to discuss Busquets' renewal when it looked like the club would not be prepared to pay him what he wanted. However, it appears all parties are now happy with the terms and a formal announcement is expected in the coming days.
The news will come as a massive blow to Red Devils boss Louis van Gaal, who only today was linked with a proposed move for the midfielder in the summer. Spanish newspaper Sport claimed this morning that the Premier League club had registered their interest in bringing Busquets to Old Trafford.
However, it was always going to be ambitious for Manchester United to sign such a highly-rated La Masia graduate, particularly when you consider he's a key component in the current Blaugrana set-up.
After making his senior breakthrough under the former tutelage of Pep Guardiola, Busquets has been a permanent fixture in Barcelona's three-man midfield alongside the likes of Xavi and Iniesta ever since.
Alternative transfer options...
It's no surprise to see the club moving quickly negotiate a new deal. Perhaps Manchester United will have more luck in their alleged pursuit of the midfielder's current team-mate Dani Alves, who is out of contract at the end of the season and yet to receive an extension offer of his own.
Barcelona fans: Are you pleased to read about plans for Sergio Busquets to extend his stay at Camp Nou? Do you think Dani Alves will be offered a new deal as well - or does his future lie away from the club? Share your thoughts below...