According to a report from Fabrizio Romano, when Joao Cancelo was asked about his loan period ending in June next year, the player answered that it was up to the club, which means that Barcelona wants to maintain his contract by extending the loan period or making it permanent later.
As a player, Joao Cancelo only wants to give the best for his dream team and to be able to perform well and then be able to win the title is the result he has always wanted. So, whatever Barcelona's decision, these two players will be ready to accept it and what is important for them is to make a good contribution while at Barcelona.
Source:
https://twitter.com/FabrizioRomano/status/1704751620834091366Current performance in last several games Joao Cancelo looks promising and he can place well as left or right side of Barcelona defend position, its advantage when signing player have multiple position and playing well where side needed by manager. But problem facing by Barcelona after loan over only one season and Joao Cancelo have long term contract with Manchester City. I don't sure Man City will agree for extending loan clause and actually they will sell Joao Cancelo for teams brave with higher bid offering. Financial still problem for Barcelona and seems difficult to buy Joao Cancelo from Manchester City if has top well performance in this season.
Not only with Joao Cancelo but also Barcelona's loan player João Félix have impressive performance, have scored three goals and one assists from last three matches in La Liga and Champion League seems Barcelona face dilemma have to make him permanent and paying highest fee transfer for Atletico Madrid.