The FYR Macedonia international has been a target for several European clubs this summer but has seemingly pledged his future to the Rome outfit.

"We have reached an agreement with Goran for the contract extension," said Lotito. "He will remain at the club for a long time.

"He knows he has the affection and support of this club."

Pandev moved to Lazio from Ancona in 2004 and his current contract is set to expire in June 2010.

The forward is expected to put pen to paper on the extension in the next few days.