Regal FC Barcelona has re-signed Fran Vazquez for the 11-12 season.

The draft rights of Vazquez belong to the Orlando Magic.

"Of course Fran would give serious consideration to the Magic," Vazquez's agent Jose Cobelo said. "That has been his intention all of these years. He signed with Barçelona for a year to keep that door open. Once we get a tangible offer we will evaluate it. Unfortunately, we can't do that now with the potential of a lockout lurking."

Orlando had hoped Vazquez would make the jump this summer.

"The Magic, with the potential of a lockout, weren't a viable option for Fran," Cabelo said. "We don't know with any degree of certainty what the conditions would be or whether he'd get to play [any games because of the labor situation]."