Luis Suarez has extended his contract with FC Barcelona until June 2021, the Spanish champions announced on Thursday.
The Uruguay striker’s new deal features a 200 million-euro (£167 million, $208 million) release clause.
The club said Suarez, who has scored 97 goals in 116 appearances for them, will officially pen the new deal on Friday.
The former Ajax striker helped Barca win a treble of La Liga, Copa del Rey and Champions League in his first season at the Camp Nou.
He followed that up with a domestic double last season.
His remarkable goal tally of 59 goals in 53 matches last season, including 40 in La Liga, saw him win the European Golden Shoe award for Europe’s top scorer.
Deal similar to Neymar’s
Suarez’s new deal follows the announcement by Barcelona in October that Brazilian superstar Neymar had signed a new five-year deal.
That deal also keeps the Brazilian at the club until 2021 and it features a 250 million-euro buyout clause.
Barca coach Luis Enrique recently expressed confidence that Lionel Messi would tie his future to the club after opening talks to extend his contract beyond 2018.