Barcelona are set to agree a new deal with starlet Sergio Busquets.
Arsenal had been strongly linked with a move for the 20-year-old midfielder after he shunned Barca's original offer.
However, Barca have now made a revised offer and Busquets looks set to remain at Camp Nou.
"We are getting closer and closer to an agreement, but there will have to be more meetings before anything is signed," said his agent Josep Maria Orobitg.
"It's just a question of sorting out the finer details because Barca love the player and the player wants to remain at Barca, so there should be no problems."