“Athletic Club forward Nico Williams has put pen to paper on a 10-year deal keeping him in Bilbao until 30 June 2035,” a statement read. “Nico’s new agreement has an increase in the release clause of more than 50% over the previous one.

The breakdown in negotiations came following the revelation that Barcelona are not yet operating under La Liga’s 1:1 financial rules and, as it stands, would not be able to register Williams in their squad—a similar dilemma which plagued the club after last season’s acquisition of Dani Olmo.