Besiktas says it will pay $1.9 million in owed fees to the player. It gave no other detail.
Guti, who joined Besiktas last year on a two-year contract after 15 seasons with Real Madrid, reportedly fell out of grace after failing to return to Istanbul after a break.
The midfielder helped the Istanbul club win the Turkish Cup last season but was reportedly out of form and made few appearances this season.
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