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Spanish left-back Mikel Balenziaga rejoins Athletic Bilbao from Real Valladolid, after the Biscay club exercise a buy-back clause in the player's contract.

Athletic Bilbao have re-signed Spanish left-back Mikel Balenziaga from Real Valladolid.

The 25-year-old left the Biscay club in August 2011 to join Valladolid, for whom he made 72 league appearances.

However, Bilbao have now exercised a buy-back clause in the player's contract.

It is believed that Bilbao will pay Valladolid a fee in the region of £255,000 for Balenziaga's services.

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