Barcelona midfielder Andres Iniesta will sign a new five-year contract with the Spanish champions, according to vice president Josep Bartomeu.
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Iniesta, who graduated up through the club's fabled La Masia academy and has spent his entire career as a professional to date at the Camp Nou, will see his current deal expire in 2015.
The Spain international has helped Barcelona win three Champions League titles and La Liga on six occasions.
“Iniesta will be one of the best paid because he is the best player in Europe," Barcelona club vice president Josep Bartomeu tells BTV television. "The negotiations are underway and both sides want to sign. Iniesta's new contract will be the maximum allowed of five years."
Earlier this month, Iniesta said he was confident of agreeing an extension, and that the size of a new deal was not as important as his continuing to feel comfortable at the club.
"The renewal is not something which concerns me from day to day," Iniesta said. "I do not care about being in second, third, or fourth place at Barca. I just want to feel the same from the club's side, as what I feel for Barca."
Information from The Associated Press was used in this report.