Alexis Sanchez has accepted a non-custodial prison sentence for defrauding £888,620 according to Estadio Deportivo.
Sanchez has allegedly admitted to tax avoidance during his time at Barcelona between 2012 and 2013 after appearing in a Barcelona court in January 2017.
The case revolved around his failure to declare profits of around £888,620.
According to Spanish outlet Estadio Deportivo, Sanchez has now accepted a 16-month prison sentence, but will not be imprisoned.
Their report states that Sanchez reached the agreement with the Attorney General and the State Attorney after paying back the tax and interest he owed on image rights.
Sanchez had allegedly set-up a Maltese-based company called Numidia Trading to maximise profits on his image rights between 2012 and 2013.
Estadio Deportivo also state that a second foreign company was involved, though do not name the company.
Sanchez was reportedly handed two eight-month sentences for crimes against the Public Treasury, but will not face imprisonment so long as he doesn’t commit another crime within the next two years.
The Chilean is one of several Barcelona players, including Lionel Messi, Neymar, and Dani Alves, to have been involved in tax avoidance cases.