Bellingham was being investigated for a slur aimed at Getafe forward Mason Greenwood.
The midfielder's alleged insult to Greenwood has been dismissed because it has not been possible to clearly prove whether the Real Madrid player shouted 'rapist' or 'rubbish' to the Manchester United-owned player.
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For his part, Greenwood had moved to have the action dropped by LaLiga as he was eager to get past the incident.
Getafe president Angel Torres also stated last week that no-one from the club had initiated the charging process.