Pedro has agreed to a new one-year contract extension at Barcelona.
The Spain international's new deal ties him to the European champions until June 30, 2016 and has a buy-out clause of 150million euros - up from 90million.
Pedro will sign his new contract on Thursday morning, the Primera Division outfit have announced.
Since making his Barca first-team debut in the 2007/08 season, the 23-year-old has won 10 titles with the Catalan giants, including three Primera Division and two Champions Leagues.
