"I've had to think about it a lot in order to choose the best option for me and I have arrived to the conclusion that Athletic was the best solution," Laporte told the club's official website (www.athletic-club.eus).
"I sign for four years and I'm thrilled and excited to continue in the club."
As part of the deal, Laporte has agreed to a release clause set at 65 million euros (51.69 million pounds) for the next two seasons, with the amount increasing to 70 million euros for the remainder of his contract.
Laporte, who joined the club in 2010, was promoted to the first team in the 2012-13 campaign and has become a regular since, starting 46 games in all competitions for Athletic last season.
(Reporting by Adriana Garcia; Editing by John O'Brien)
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