Sergio Busquets is reportedly on the verge of signing a bumper new deal with Barcelona, amid interest from Ligue 1 champions PSG.

According to a report by Daily Mail, Barcelona have reached an agreement with Sergio Busquets over improved terms on his current deal. The Blaugrana will also hike up the Spanish international’s release clause to £450 million in the new contract, although the duration of the deal will still remain the same.

Busquets has been one of the pillars for Barcelona over the last decade or so. Sitting at the base of midfield all this while, the player has often been an immovable object for the Blaugrana, which has seen him being regarded as one of the best holding midfielders of all time.

During his distinguished senior career, the Spanish international has won an astonishing 30 titles with club and country, racking up over 500 appearances to date. In due time, his stature has only gone on to skyrocket, and the Barcelona superstar has unsurprisingly been courted by a number of top clubs.

Set to continue at Camp Nou. (Photo courtesy - David Ramos/Getty Images)

Set to continue at Camp Nou. (Photo courtesy – David Ramos/Getty Images)

PSG are the latest suitor in his pursuit, with the French champions desperate to bolster their midfield at the late stage of the summer transfer window. That Adrien Rabiot looks set to depart from Parc des Princes after rejecting a renewal offer from Les Parisiens only puts them in a more precarious position.

Coincidentally, Rabiot is heavily linked with a move to Barcelona, although a summer transfer looks unlikely as of now. So, Busquets is a viable target for PSG. But, the French champions have a tall order in their bid to land the Spanish international, who is unlikely to push for a move away from Barcelona.

The Catalans though, are not taking any chances, knowing fully well that PSG will not hesitate in shelling out his current £180 million release clause. Barcelona are thus, moving quickly to bump up his clause while also offering him a significant rise in wages.

The duration of the new contract will remain the same, although Barcelona will reserve a two-year extension offer when Busquets’s deal enters its final year in the summer of 2020. But, the release clause will rise to an eye watering £450 million, which will ideally put them in full control of the player’s future.

The report further suggests that the two parties have reached an agreement over the improved terms and an official announcement is imminent. PSG, on the other hand, stand very little chance of signing the Spanish international, who is set to continue at Barcelona for at least the foreseeable future.