A model predictive approach is used to derive a continuous-time, nonlinear feedback control law for open-loop stable, single-input single-output processes with deadtime. The derived model predictive control law minimizes a quadratic performance index in the presence of input constraints and process deadtime. A key feature of the control law is that, for its implementation, one does not need to perform an online optimization. In the absence of constraints, the control law in special cases is identical to the feedback controllers that have already been derived using a geometric approach. The connections between the derived control law and (a) the globally linearizing control and (b) the linear internal model control are established. The model predictive approach provides some insight into the problem of constraint handling in geometric control methods. The application of the theory is illustrated by a chemical reactor example.