Athletic Bilbao target Mikel Oyarzabal has signed a new contract with Real Sociedad until 2022 and agreed a release clause potentially worth €60m.
Reports on Friday claimed Athletic were willing to meet Oyarzabal’s €40m release clause, but La Real’s sporting director Loren confirmed at a Press conference the same evening that the 19-year-old’s threshold had been upped to €50m and possibly €60m “in special cases”.
“I’m very happy to be where I’ve always wanted to be,” the attacker added.
“Although there have been offers from several clubs, I’ve only ever wanted Real. I want to continue here.
“We’re all eager to start well and give joy to the fans.”
Oyarzabal, who made his Spain debut at the end of last season after a breakthrough campaign at Anoeta, is set to face Real Madrid in the Basques’ first match of the season on Sunday.