Luis Suarez
Luis Suarez has scored 97 goals in 116 appearances for Barcelona. Getty

Luis Suarez has agreed a new deal to commit his future to Barcelona deal until 2021. The club have inserted a buy-out clause in the contract worth €200m (£167.5m, $207.8m) and the the former Liverpool star will put pen to paper on the deal on Friday (16 December).

Last week Barcelona president Josep Maria Bartomeu already anticipated that the negotiations to commit the long-term future of the former Liverpool forward to the Nou Camp were only pending minor details and could be completed before Christmas.

"We're about to close Suarez's renewal," the Barcelona president said in an interview with Radio Visión and Cadena Celeste in Uruguay, as quoted by AS. "But Luis will continue at Barcelona. There are just a few final details [to complete]. He's well-loved by everyone and he loves the club. In the coming days, weeks, we will announce it, maybe it will be a great Christmas present. "

Barcelona have now confirmed the good news as the player will sign the deal on Friday, two days before the Catalan derby with Espanyol.

"FC Barcelona announce that they have reached an agreement with Luis Suárez for the extension of the player's contract until 30 June 2021. The buy-out clause in the contract is set at €200m," the club confirmed. "The new contract will be signed on Friday 16 December at 1.00pm CET at the Club Offices."

It has been reported that Suarez will get a substantial pay rise as part of the deal to put himself among the club top earners behind Lionel Messi and Neymar.

Suarez, nevertheless, has become into a crucial player for the La Liga giants since his big money arrival from Liverpool in the summer of 2014, having scored 97 goals in 116 appearances for the club, including 13 in the start of current 2016-2017 campaign.

The Uruguay international will follow in the same footsteps of Neymar, Sergio Busquets and Javier Mascherano who have all inked new deals at Barcelona in recent months.

Lionel Messi, Marc-Andre ter Stegen and Ivan Rakitic are expected to be the next. In this sense AS claims that Barcelona are ready to offer the Argentinian around €35m-a-season (£29.3m, $36.3m) to commit his long-term future to the Nou Camp.