Barcelona agree £120 million a year kit deal extension with Nike which runs until 2026 

• New deal agreed with Nike will give Barcelona £120 million per season
• The figure will eclipse Manchester United's £75m deal with Adidas
• Barcelona president praises 'highly successful partnership' with Nike

Barcelona have agreed an extension to their kit-manufacturing deal with Nike which Spanish media reported was the most lucrative arrangement of its kind in the world.

The Spanish champions issued a statement saying details of the contract will be specified at their next general assembly.

Barcelona-based daily newspapers Diario Sport and Mundo Deportivo reported that the deal could be worth 155 million euros (£120 million) a season and would run until 2026.

Barcelona's agreement with Nike will be the most lucrative kit deal in the world worth £120 million per season

Barcelona president Josep Maria Bartomeu praises the 'highly successful partnership' with Nike

MOST EXPENSIVE KIT DEALS 

1) Barcelona - Nike (£120m per season)

2) Manchester United - Adidas (£75m per season)

3) Chelsea - Nike (£60m per season) 

4) Bayern Munich - Adidas (£46m per season)

5) Real Madrid - Adidas (£30m per season) 

6) Arsenal - Puma (£30m per season)   

'FC Barcelona and NIKE, Inc. have extended their current sponsorship deal, which was due to end on June 30, 2018,' Barcelona said on Saturday.

'The long-term agreement is a landmark in global football and builds upon a highly successful partnership.'

President Josep Maria Bartomeu added: 'We are excited by this new agreement and are confident we will be able to celebrate continued sporting successes together.'

Messi (centre), Neymar (left) and Suarez train ahead of Barcelona's Copa del Rey final against Sevilla