Balde has emerged as a first team star since the start of the 2022/23 season after being drafted into the senior squad permanently by Xavi.
The 19-year-old has emerged as a long term replacement for Jordi Alba at left back with the club confident of retaining him in future.
Barcelona proposal to Alejandro Balde for new contract will be a five year deal with an increased salary — also release clause will be discussed. 🚨🔵🔴 #FCB
Potential release clause would be worth €1B, same as Gavi, Pedri, Koundé, Ferran Torres and more. pic.twitter.com/0O3IVUkMJB
— Fabrizio Romano (@FabrizioRomano) November 27, 2022
Balde was drafted into Spain’s 2022 World Cup squad, following an injury to Valencia captain Jose Luis Gaya, with Luis Enrique bringing him off the bench in their first two group games in Qatar.