Sport says Barca and has told the club he's open to renewing rather than going into the final year of his contract.
Talks have progressed pending the result of Thursday's vote in the general assembly and it's probably an agreement is reached that does not impose an added cost on the wage bill.
Memphis turned down big offers to join Barça on a free transfer last summer.
After the appointment of Xavi Hernandez, after being the regular No.9 until an injury and the January signings, his role was reduced. However, he showed his strength in the final stretch of the season.