While I see the argument for him being a panic buy, Pep didn't particularly treat him as a panic buy because he hardly played him (it felt) during the back end of the season.
Based on that, I'd assume he was one for the future and somebody with a release clause which we could get sooner rather than later/waiting while we had a need.
Khaldoon said something along those lines during his end of season interview. Essentially that Khusanov, Marmoush and Nico were players we were going to go for anyway but the issues in the squad and during the season meant we had to act in January.
If we take that as gospel, it suggests that Nico was not just brought in to plug a few-month gap between January and the end of the season and instead was just one we see as a long-term investment that we bought earlier than intended.