Arsenal and Manchester United have been dealt a transfer blow after Barcelona confirmed that Pedro has signed a new deal, according to reports from the Express.
The 27-year-old was tipped for an exit after losing his regular role in the squad following the arrival of Luis Suarez from Liverpool.
The three-man attack consisting of Neymar, Lionel Messi and Suarez has been a huge success for manager Luis Enrique, meaning Pedro was often limited to a role on the bench.
However, despite the Gunners, United, Liverpool and Chelsea said to be considering a move for the winger, they may now need to look elsewhere for another attacking addition.
The La Liga giants have confirmed that the Spain international has penned a new four-year deal and will see his current £150million buyout clause remain as well.
“FC Barcelona has announced that they have reached an agreement with Pedro Rodríguez to renew his contract until 30 June 2019.
“The striker’s current contract was due to expire on 30 June 2016. His buyout clause will remain at 150 million euros.”
He was only given 15 league starts for Barca this term, featuring as a substitute a further 20 times, scoring six goals and providing another six assists.