The new contract increased the buyout clause from 200 million euro ($233.5 million) to 500 million euros ($583.8 million), reports Efe.
“FC Barcelona and Sergio Busquets signed a contract renewal for the player on Thursday morning, an agreement that will keep Busquets at Barça through June 30, 2023,” Barcelona said in a statement.
Since making his first appearance with Barcelona in the 2008-2009 season, the 30-year-old Busquets played 490 matches with the Catalan club.
Over the last 11 seasons, Busquets won a total of 28 titles, including seven La Liga titles, six Spanish Cups, three UEFA Champions Leagues and three FIFA Club World Cups.
–IANS
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