During a friendly match more than four years ago, former Ajax player Abdelhak Nouri suffered a cardiac arrest and suffered brain damage. Ajax will pay the family 7.85 million euros ($8.91 million).
"It is good that an agreement has been reached, so that we can close this issue. We all realise that the suffering for Abdelhak and his loved ones is not over. It remains a very sad situation, that's how we feel here at Ajax, too," the Dutch side's chief executive Edwin van der Sar said.
"We greatly appreciate the way in which Abdelhak's family cares for him day and night with a lot of love and attention.
"When I visit him, I am always welcomed with open arms by the family. That also applies to other Ajax colleagues and we greatly appreciate that."
For the player who suffers permanent, debilitating brain damage, Ajax agreed to pay for medical care for life. The player will never be able to live independently again.
After his collapse due to heart problems, his family filed a lawsuit against the club claiming he received inadequate care.
"This summer it will be five years since Abdelhak was struck by a terrible fate. The past few years have been dominated by his care," Nouri's father Mohammed said in Ajax's statement.
"It is good that the discussion about liability and its consequences is a thing of the past and that we can look forward together."