The club began contract talks months ago with the 18-year-old to extend his current deal which runs until June 2022.
The youngster has expressed his desire to continue at the Nou Camp and his agent Jorge Mendes is in Barcelona ready to continue negotiations, leaving the club optimistic over seeing a deal over the finishing line soon, according to Marca.
Barcelona starlet Ansu Fati is close to extending his contract after beginning talks months ago
Barcelona want to offer Fati a new deal that reflects his new found prominence in the squad.
It was reported last month that Mendes had received an extension offer from Barcelona after the club's football director Mateu Alemany had been working on a proposal for a month and a half.
Mendes and the club reportedly have been in constant communication and have discussed that the contract will not be long-term on the basis that it will be reviewed later once Barcelona's economic situation has improved.
The midfielder has swiftly become a prominent member of the squad, warranting a new deal
Barcelona's disastrous finances were laid bare after they were given just a €98million (£85m) salary cap by LaLiga for the 2021-22 season - a seventh of Real Madrid's €739m (£638m) allocation.
The forward inherited Lionel Messi's (right) infamous No 10 shirt following the Argentine's exit
Fati has become one of Barca's greatest attacking strengths,