Lazio president Claudio Lotito has announced they've struck terms over a new deal with striker Goran Pandev.

"We have reached an agreement with Goran for the contract extension," said Lotito. "He will remain at the club for a long time.

"He knows he has the affection and support of this club."

Pandev moved to Lazio from Ancona in 2004 and his current contract is set to expire in June 2010.

The forward is expected to put pen to paper on the extension in the next few days.