Barcelona midfielder Xavi is close to an agreement on a new contract that will mean he ends his playing career at the La Liga club he joined more than 20 years ago, the Spain international said.
Ernesto Valverde's Bilbao team punished the visitors with clinical counter-attacks, playing with the advantage of having won the first leg 1-0 in Madrid.
'It has been a terrible end to the season,' said the Brazilian ace.
Leaders Barcelona needed two goals in the last ten minutes to beat bottom club Osasuna 3-2 away, and moved 12 points clear at the top of the Primera Liga on Sunday.
Barca finished the season second in the standings on 82 points, four behind champions Real Madrid who visit Leganes later on Sunday. Alaves are 16th on 39.
With Samuel Eto'o on duty at the African Nations Cup, the youngster's electric pace and eye for goal will be crucial to the Catalan side's success.
Sevilla sealed their place in the last four of the King's Cup on Wednesday when they lost their quarter-final second-leg 1-0 at home to Deportivo Coruna but went through 3-1 on aggregate.
Sevilla were on course for a place in the King's Cup semi-finals after crushing Deportivo Coruna 3-0 at the Riazor in their last-eight first leg match on Wednesday.
David Beckham stayed sober and was first to bed as his Real Madrid teammates enjoyed a booze-filled night in Hong Kong.
Barcelona and Sevilla claimed the final two places in the King's Cup semi-finals on Thursday, Barca knocking out city rivals Espanyol 3-2 and Sevilla coming through on away goals against holders Valencia. Sevilla, the 2007 winners, will play Athletic Bilbao for a place in May's final in Valencia, while Barca take on Real Mallorca.
A superb Lionel Messi hat-trick gave Barcelona a 3-1 win over 10-man Atletico Madrid in the first leg of their last 16 King's Cup tie on Tuesday. The Argentine forward, playing for the first time since the Christmas break, also hit the crossbar and many of the Atletico fans stood and applauded him when he was replaced near the end.
Fenerbahce have signed Spain Euro 2008 winning striker Daniel Guiza from Real Mallorca in a four-year deal
In his absence, the league champions have made a lacklustre start to the season, losing their opening game to Athletic Bilbao before taking just four points from fixtures against Real Betis and Osasuna.
The Kolkata giants will leave on July 28 to participate in Leicester City's 120th anniversary celebrations.
Real Madrid were dumped out of the Copa del Rey at the quarter-final stage on Thursday after losing 4-3 at home to Real Sociedad, while record 30-times winners Barcelona were sent crashing out of the Copa del Rey in a 1-0 defeat at Athletic Bilbao.
A round-up of weekend action in the main European leagues.
Victory for Barcelona took them to within a point of third-placed Deportivo Coruna and kept second-placed Valencia in their sights.
The Welshman has a contract until 2022 and was set to make a lucrative move to the Chinese Super League last year before the transfer was scuttled when Real made a last-minute decision to insist on a transfer fee rather than terminate his contract.
The Copa del Rey semi-final draw will be made on Friday.
Barcelona manager Ernesto Valverde said the football world must get used to the idea that Lionel Messi will retire in the near future.
The virtual sound has been developed with video game company EA SPORTS FIFA, in a project called Sounds of the Stands.
The week gone by has been full of drama and here we bring you all the action from the sporting field in pictures!
Atletico Madrid secured a hard-fought 2-1 home victory over Real Betis in La Liga on Sunday thanks to an own-goal by Rui Silva and a header by Alvaro Morata as Diego Simeone's side ended a three-game winless run in all competitions.
The season kick backs into action with a local derby between Sevilla and Real Betis on June 11 and there will be fixtures for the following seven days, with Barca hosting Leganes on June 16
Athletic Bilbao beat Barcelona 4-2 at home to knock them out of the Copa del Rey
It was Messi's 56th converted penalty in La Liga and saw him draw level with Hugo Sanchez as the league's second-top penalty taker, behind record holder Cristiano Ronaldo on 61.
Images from the football matches played on Tuesday.
The Spanish Government mistakenly honoured celebrity Ivana Icardi, sister of Argentinian footballer Mauro Icardi, instead of Women's World Cup winning captain Ivana Andres, with the country's Royal Order of Sports Merit, Spain's National Sports Council (CSD) confirmed on Wednesday.
Spanish winger Asensio cost Real a mere 3.5 million euros from Mallorca in 2014 and entered the game only in the 79th minute but played a decisive role in Cristiano Ronaldo and Marcelo each scoring late on to give the European champions the edge in the tie.
Meanwhile, Real Mallorca made a dream return to La Liga with a 2-1 victory over Eibar at the Estadi Son Moix on Saturday, less than two months after sealing back-to-back promotions to rejoin Spain's soccer elite.
Zinedine Zidane has said his side are in a delicate situation as they prepare to host arch-rivals Barcelona in a La Liga title showdown on Sunday
AC midfielder Franck Kessie scored from a penalty to give AC Milan a 2-2 draw away to Napoli in Serie A on Sunday, sparing the blushes of his goalkeeper Gianluigi Donnarumma whose mistakes provided the hosts with both their goals. Sevilla closed in on Champions League qualification by beating struggling Real Mallorca 2-0 at home to open up a nine-point gap in the race for fourth spot in La Liga.
The win took Barca to the top of the standings on 68 points although Real Madrid, on 65, will reclaim their lead due to their superior head-to-head record if they beat Real Mallorca at home on Wednesday.
Atletico celebrate anniversary with 3-1 comeback win over Mallorca
Barca lead the standings on 39 points from 18 games, three clear of second-placed Real Madrid who host Athletic Bilbao on Sunday.
Federico Valverde has already made over 100 appearances at senior level - while winning silverware and recognition both with his current side Madrid and country Uruguay, and showing the physical, technical and mental attributes to become one of world football's outstanding midfielders.