Spain midfielder Pedri has signed a new long-term contract with Barcelona.

The 18-year-old had less than 12 months remaining on his previous deal – though the club did have the option to extend that by a further two seasons.

Nevertheless, they have instead opted to push ahead and secure him to entirely fresh terms, with the talented midfielder committing himself to the Catalans until 2026.

A Barca statement read: "FC Barcelona and the player Pedro 'Pedri' Gonzalez have reached an agreement to renew his contract until June 30, 2026 . The termination clause is set at €1billion."

Pedri has experienced a rapid rise since joining Barca from Las Palmas last year, establishing himself as a key player after initially being signed for the Blaugrana's B team, stepping up to the senior side after impressing Ronald Koeman in his first pre-season.

Indeed, Koeman used Pedri in 37 top-flight games last term, with only Frenkie de Jong (also 37) playing as many matches for the Catalan club.

He ranked seventh among outfield players at the club in terms of LaLiga minutes as well (2,428), while De Jong (3,159) and Sergio Busquets (2,527) were the only midfielders to spend longer on the pitch for Barca.

Many comparisons have been drawn between Pedri and Barca great Andres Iniesta due to the former's nimble stature and passing ability.

Only four team-mates – Lionel Messi, De Jong, Busquets and Jordi Alba – completed more opposition-half passes than Pedri (1,100).

The teenager playmaker has also shown his class at international level, impressing for Spain at Euro 2020 and going on to win a silver medal at the Tokyo Olympic Games.

At both tournaments, the Tenerife-born prospect completed more passes ending in the final third than any other player – making 83 in Japan and 177 in his first senior major tournament.

In fact, at Euro 2020 Pedri became only the second European player aged 18 or younger to start as many as five matches in a major tournament, and his last-16 appearance against Croatia made him the youngest player to ever start a knockout game in the European Championship.

Barca, now they have tied down one of their key assets, will be hoping to also agree new long-term deals with the likes of Ansu Fati, Gavi and Ronald Araujo as they look to youth amid a rebuild.