Barcelona are in advanced talks over renewing Pedri's contract, with the Spaniard ready to agree a deal that will run until 2026.
Goal can confirm talks have accelerated in the last 24 hours and Pedri is happy to continue with the Catalans, providing a huge boost to the club following their disappointing start to the season.
Barca also plan to include a release clause worth more than €600m (£509m/$694m) as they attempt to ward off potential interest from some of Europe's biggest spenders.
As reported by Goal on Tuesday, Barca had been in talks with Pedri and Ansu Fati over contract extensions, although the negotiations were being held up as Ronald Koeman's side were unable to offer a high salary.
In Pedri's case it appears a compromise has been reached, with the 18-year-old Spain international ready to accept terms until 2026 that will increase his wage a sufficient amount to reflect his standing in the team.