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The phrase "agreeing to extend" is correct and usable in written English.
You can use it when discussing the act of consenting to prolong a deadline, agreement, or arrangement.
Example: "After much discussion, we are agreeing to extend the deadline for the project submission."
Alternatives: "consenting to prolong" or "accepting to extend".
Exact(34)
Big banks met daily, agreeing to extend the hours for dollar-based payment systems.
But Greece's creditors are unlikely to be overly flexible, aside from possibly agreeing to extend a deadline for meeting deficit targets.
Negotiators met for 14 hours on Friday, two days after agreeing to extend the old contract when they were unable to reach a deal.
Precedent has been set by employers, like Royal Mail, agreeing to extend the period in which industrial action must be triggered.
The situation came to a head in the summer until Art Capital Group decided to withdraw its lawsuit against her in September, agreeing to extend the due date of her repayment.
WASHINGTON (AP) — The nation's freight railroad industry averted a potentially costly strike on Thursday after resolving differences with two of its unions and agreeing to extend talks with a third.
Similar(25)
It agreed to extend warranties to eight years on 3.3 million 1997-to-2002 models.
The supplier agreed to extend credit for the rest.
In the event, EU ministers agree to extend sanctions to 21 Belarussian judges and policemen.
In July, the company agreed to extend her current contract to June 2017.
Over the summer, the banks agreed to extend the current arrangement for up to three years.
More suggestions(16)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com