Barcelona will focus on renewing key contracts in January instead of chasing transfer targets.
However, the ongoing financial issues at the Camp Nou, means his options are limited, with contract extensions now taking the lead.
The pair have already agreed new contracts, until 2026, but their salaries have not been updated, as Barcelona attempt to meet FFP rules.
The delay has also prevented both players from taking up ‘first team’ squad numbers as the tight fiscal situation continues at Barcelona.
Balde was called up Spain’s 2022 World Cup squad as a replacement for Valencia’s Jose Luis Gaya after an impressive breakthrough this season.
His deal will be improved and extended from 2024 to 2026 and back up keeper Pena is set to sign up until 2025.