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.

Lonnie Walker IV said the 76ers called him just before his buyout deadline. He's thrilled to return to the NBA.

Walker was a full participant in Friday's practice after rushing to Philly from a France vacation. "I’m just truly blessed to be here,” Walker said.

The Philadelphia 76ers made the move to bring over Lonnie Walker IV from overseas as they look to get a bit younger in the rotation around their Big 3. A former first-round pick, Walker is looking to make an impact and add to Philadelphia's playoff push.

Lonnie Walker IV is joining a Philadelphia 76ers team that needs a massive jolt. The Sixers, losers of their last six games, need to start playing with more urgency and putting more pressure on opposing teams in any way.