Rakitic, 26, emerged as a youngster with Swiss side Basel, and his promising displays earned him a move to Schalke in 2007, before eventually moving on to La Liga side Sevilla. Having taken a while to settle in with the Andalusian outfit, he has enjoyed his best season to date after hitting 13 and goals and 12 assists.
His outstanding campaign has unsurprisingly attracted interest from elsewhere, and recently his father confirmed bids from fellow Spanish sides Real Madrid, Atletico Madrid and Barcelona - whilst Premier League rivals Liverpool and Manchester are also believed to be interest in Rakitic.
After seeing the likes of Gary Medel, Jesus Navas and Alvaro Negredo sold on last summer in a bid to raise funds, many have expected Unai Emery's side to cash in on their £33m-rated midfield star - but club president Jose Castro has confirmed that Sevilla are looking to keep hold of the Croatian by offering him a new contract.
"The contract renewal offer to Rakitic is really important to us, as a part of our budget for the next season. We want Rakitic to stay so that the team remains powerful, we really want him to stay," said Castro.
"Rakitic still has a year left on his contract and we'll have to analyse what comes. The truth of the matter is that many months have gone by, since we reached an agreement with him and he's still not signed. We're frustrated about that and I am particularly," he continued.
With a big World Cup predicted for Rakitic, interest in his signature could grow even more - which will of course make Sevilla's wish of keeping Rakitic at the Estadio Ramon Sanchez Pizjuan that much more difficult, with the biggest European clubs circling.