La Liga confirmed that Barcelona still fall short of the 1/1 financial threshold, which allows clubs to freely register new signings. In short, they can’t spend what they don’t have — even if it’s for a player as electric as Nico.

The mural was defaced after Barca sporting director Deco said they could target the winger, who scored in last year’s European Championship final against England to guide Spain to a record fourth title. Williams’ new release clause is likely to put off Arsenal for now, but the Gunners do remain keen to sign a new wide forward.

Nico Williams has formally rejected a move to Barcelona by putting pen to paper on a surprise contract extension with Athletic Club. Personal terms had been agreed between Barcelona and Williams, whose release clause of €62 million ($72.