The 19-year-old has scored nine times and registered four assists in 53 outings for the Yellow Submarine since breaking into their first team last season.
Pino has also been a key player for his Spanish club this term, featuring on 16 occasions in all competitions, registering two goals and three assists in the process.
There has been a host of speculation surrounding the youngster in recent weeks, with Real Madrid said to be interested, but Villarreal are working to sign him to a new contract.
Pino, who has been capped on two occasions by Spain, has operated at centre-forward for Unai Emery's side this season but largely plays as a right-sided attacker. body check tags ::