Uruguayan defender Ronald Araujo has agreed to extend his contract with Barcelona until June 30, 2026, the Spanish football club confirmed on Tuesday.

Barcelona said in a statement that Araujo's signing ceremony will take place on the field at Camp Nou on Friday.

"The buyout clause stipulated is set at €1bn ($1.06 billion)," it said, adding, "His talents in defence and scoring goals mean he is a player for years to come as his tally of four goals this season proves.”

Araujo, who joined Barca B in 2018, became a member of the Barcelona first-team squad that won the Copa del Rey with the club in 2020-21.

The 23-year-old previously played for Uruguay's Rentistas and Boston River while he has nine international caps for his nation.​​​​​​​