The youngster has agreed terms with the Blaugrana to put pen to paper on a new deal which will keep him at the Catalan club until 2017, and which includes a buy-out clause
The youngster has established himself as an important player for the club's B-Team, and has made four appearances for the senior side so far.
And the Blaugrana have now confirmed that they have reached an agreement with the 19-year-old starlet over a new four-year deal.
"Gerard Deulofeu will continue to be a Barcelona player through to 2017," a statement on the club's official website read.
"The club and the player have agreed to terms to extend the contract linking the two parties through June 30 of 2017. The player’s buy-out clause is set at €35 million (£29.6m)."
"The player will sign his new contract on Wednesday at 18.00CET."