The former Liverpool player has scored 97 goals and won eight trophies since moving to the Nou Camp in July 2014 for £75m. He scored 40 league goals last season.

Barcelona said the contract, which ties the 29-year-old Uruguay international to the club until 2021, would be signed imminently. The buyout clause, Barcelona hope, will deter any bids from English or Chinese clubs.

The South American trio of Suarez, Messi – Barca’s all-time top scorer – and Neymar scored a combined 131 goals in all competitions as they won La Liga and the Copa del Rey.

Argentina international Messi, 29, is contracted to Barcelona until June 2018 but is understood to be involved in talks over a contract extension of his own.

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