Veteran guard Lonnie Walker IV is returning to the NBA and will sign a two-year, $3.7 million deal with the Philadelphia 76ers, according to Shams Charania. Walker, who had been playing overseas for BC Zalgiris in Lithuania, had an NBA out in his deal which had to be activated by Feb. 18.

The Sixers are set to make a post-deadline pickup in Lonnie Walker IV. ESPN’s Shams Charania first reported Tuesday that Walker has agreed to join the Sixers on a two-year, $3 million deal. A source told NBC Sports Philadelphia the contract is for the rest of this season with a team option next year.

Marc Stein reported in late December that the Sixers, Timberwolves, Nuggets, Celtics and Heat were “potential suitors” for Walker. According to Stein, Tuesday was the buyout deadline in Walker’s contract with Lithuanian club Žalgiris Kaunas.