The England international joined the Spanish giants last summer and has contributed four goals and six assists under Hansi Flick as Barcelona aim to defend their league title.
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According to Spanish outlet Mundo Deportivo, Barcelona are ready to pay €30m (£26m) in three yearly instalments to secure Rashford’s services beyond his loan, with personal terms reportedly not an issue.
Final approval is still pending, with details like contract length and compliance with La Liga’s financial rules yet to be confirmed.
Deco has praised Rashford’s impact and professionalism, noting his success at Manchester United and Aston Villa, and stressing the club’s satisfaction with his performances and commitment during his time in Spain.