The Football Association has confirmed that chairman Greg Dyke has returned a £16,000 watch to FIFA.
Dyke was one of 65 officials who received a gift bag, which included the watch, from the Brazilian Football Federation ahead of last summer's World Cup.
The gesture was deemed in breach of ethics rules by FIFA and all recipients were ordered to return the watch by the end of October last year.
Dyke refused to send it back, claiming that he wanted to auction it off for charity Breast Cancer Care.
FIFA threatened to sanction the 67-year-old if he refused to return the item, but world football's governing body has now closed the case. Dyke has also made a personal donation to Breast Cancer Care.