Liverpool has been linked with a bid for the teenager, with the Premier League club said to be close to activating his £43 million release clause last month.
However, Laporta revealed that the center midfielder, who has emerged as one of the most intriguing graduates of Barcelona’s La Masia academy in recent years, will sign a contract extension until 2026.
‘Gavi’s new contract [negotiations] are near to end,’ Laporta told Diario Sport on Thursday night.
‘We are in the final stages of renewing our agreement with Gavi.’
Under the provisions of the new contract, the player’s release clause will increase to £85 million.
Gavi’s agent, Ivan de la Pena, paid a one-hour visit to the Ciutat Esportiva Joan Gamper on Thursday to continue negotiations on the new contract and get the talks closer to a conclusion.
Gavi, who played 47 games for Barcelona last season, was initially undecided about renewing his contract, with his representatives believing Laporta was pressuring him to sign.
However, those issues have now been resolved, thus putting an end to Liverpool’s ambitions of signing him when the summer transfer window opens.
The player’s club form has earned him a spot in the Spain national team, where he has scored once in ten games.
Gavi, an Andalusia native, has been with Barcelona since he was 11 years old and made his senior debut against Getafe in August of last year.
In December, he scored his first Barcelona goal in a 3-2 home triumph over Elche.