Athletic Bilbao striker Inaki Williams has signed a new five-and-a-half year deal with the Basque club.

The Spain Under-21 international, who has been linked with Liverpool and Arsenal, now has a release clause worth £38million.

Williams, 21, was available for £15.3million prior to penning the new deal at the San Mames, which should deter his suitors in the Premier League.

The new contract will run until the summer of 2021.