Atletico Madrid have completed the £81.5 million signing of Manchester City striker Julian Alvarez on a six-year deal.
Diego Simeone’s Spanish side will pay an initial £64.4 million with a further £17.1 million in potential add-ons for the Argentina striker.
The 24-year-old’s departure is a record sale for City, eclipsing the £50 million they received from Chelsea for Raheem Sterling in 2022.
They paid Argentine side River Plate £14.1 million for Alvarez in January 2022.
Alvarez said City – where he won six major trophies during his two-year stay – will always “have a special place” in his heart.
He won the treble during his debut season at the club, as well as the 2022 World Cup midway through the season with Argentina.
The striker departs Manchester having scored 36 goals in 106 appearances for City.
City start their English Premier League campaign with a trip to Chelsea on Sunday.
Atletico Madrid visit Villarreal on August 19 on the opening weekend of the La Liga season.