The stalemate between the San Francisco 49ers and wide receiver Brandon Aiyuk is over after the two sides agreed to a four-year, $120 million contract extension, according to NFL Network’s Mike Garafolo and Ian Rapoport.

The deal includes $76 million in guarantees. According to Rapoport, Aiyuk will receive $47 million between August 29, 2024 and April 1, 2025.

ESPN’s Adam Schefter also reported that “Aiyuk has accepted the same deal that has been on the table since August 10, according to league sources.”

Schefter added: “His hold-in didn’t change anything about his new four-year, $120 million extension. He took the same deal that was in place the last three weeks. Hold-in over.”

Aiyuk’s agent, Ryan Williams, also shared a photo on Instagram of the two on FaceTime after the deal was reported. Williams wrote, “We worked hard for that smile,” tagging the veteran receiver.

Aiyuk has made no secret of his desire to get a new deal for the 2024 NFL season, formally requesting a trade in July in the absence of a compromise. Though he showed up for training camp, the matter was far from resolved.

The Niners also had a lot of leverage thanks to Aiyuk’s fifth-year option. Looking beyond that, the franchise tag for a wide receiver is projected to be $24.8 million in 2025, which is less than what Aiyuk could command on the open market.

Once training camp got underway, it appeared the team was content to work with the 6-foot-3 pass-catcher a year before he was set to become a free agent.

Negotiations reportedly stalled in May, with Schefter reporting that “the 49ers do not want to and have no intention of trading” Aiyuk.

On July 23, General Manager John Lynch decided to remain diplomatic.

“We fully believe that Brandon is going to be a Niner going forward,” he told reporters. “We’re always open to hearing things, but like I said, we expect Brandon to be an integral part of our team, as he has been, and we’re excited about that.”

Lynch and management knew full well that Aiyuk wouldn’t be able to wait long. If he were still playing with his 2024 option, he would clearly be motivated to show himself on the field.

But having an openly disgruntled player, especially one as important as the 2020 first-round pick, on the roster is never ideal. Prospective free agents and others on the Niners roster may have noticed, too, if the team was seen as treating Aiyuk unfairly or undervaluing him.

While one wideout contractual dispute for Lynch is over, another could be on the horizon. Deebo Samuel is set to become a free agent in 2026, and he was the subject of trade rumors earlier this offseason.

If Aiyuk signs a long-term contract, it could potentially influence how management approaches Samuel’s future.