Barcelona told Konrad de la Fuente to sign a new contract or risk not being played for the rest of the season.
De la Fuente has been linked with a move to Hertha Berlin, with other Bundesliga sides reportedly interested.
Barcelona offered de la Fuento a 3-year contract worth other $660,000, with a plan to progress him into the senior side.
The 18-year-old is currently playing for the U19s.