The Spain international has fallen down the pecking order at Camp Nou and the acquisition of Atletico Madrid star Arda Turan brings competition that is expected to further limit his playing time.
Pedro is currently on holiday but will make a decision on his future in the coming days.
"I'm in a tricky position," he is quoted as saying by Marca.
"We'll see what's best for everyone. I'm only thinking about relaxing and spending the next few days on holiday."
However, the 27-year-old is looking forward to seeing what impact Arda has when he arrives at Camp Nou.
"He has a lot of quality. He'll bring a lot to the team."