AbstractFollowing laboratory experiments and friction theory, slow slip events and seismicity rate accelerations observed before mainshocks are sometimes interpreted as evidence of a nucleation phase. However, such precursory observations still remain scarce and are associated with different time and length scales, raising doubts about their actual preparatory nature. We study the 2017 Valparaiso M_w = 6.9 earthquake, which was preceded by aseismic slip accompanied by an intense seismicity, suspected to reflect its nucleation phase. We complement previous observations, which have focused only on precursory activity, with a continuous investigation of seismic and aseismic processes from the foreshock sequence to the post‐mainshock phase. By building a high‐resolution earthquake catalog and searching for anomalous seismicity rate increases compared to aftershock triggering models, we highlight an over‐productive seismicity starting within the foreshock sequence and persisting several days after the mainshock. Using repeating earthquakes and high‐rate GPS observations, we highlight a transient aseismic perturbation starting 1‐day before the first foreshock and continuing after the mainshock. The estimated slip rate over time is lightly impacted by large magnitude earthquakes and does not accelerate towards the mainshock. Therefore, the unusual seismic and aseismic activity observed during the 2017 Valparaiso sequence might be interpreted as the result of a slow slip event starting before the mainshock and continuing beyond it. Rather than pointing to a possible nucleation phase of the 2017 Valparaiso mainshock, the identified slow slip event acts as an aseismic loading of nearby faults, increasing the seismic activity, and thus the likelihood of a large rupture.