The structure evolution of the Zr 50 Ni 18 Ti 17 Cu 15 massive metal glass upon megaplastic strain (MPS) in the Bridgeman chamber is investigated in a wide interval of strain degrees at room temperature. It is demonstrated that upon MPS with n = 1/2 rotation of the Bridgeman anvil, nanocrystalline phases are precipitated in the alloy. With increasing strain, these phases are dissolved. It is suggested that nucleation centers of nanocrystalline phases (nanoclusters) are formed in the amorphous matrix upon MPS under compression without shear in the Bridgeman chamber. These phases grow in the shear bands transforming into the nanocrystalline phase upon MPS.