Chelsea and Atletico Madrid have confirmed that Alvaro Morata will sign a permanent deal with the latter club at the end of the 2019/20 season.
The Spanish striker, who left Chelsea in January this year to join Atletico on an 18-month loan deal, said in May that he had no plans to return to the London team, where he struggled for consistent form.
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The 26-year-old rediscovered his touch in Madrid, scoring six goals in 17 games since his move.
"Atletico de Madrid and Chelsea have reached an agreement over the transfer of Alvaro Morata from July 1, 2020," Atletico said in a statement.
“The Spanish striker will play at our club on loan this season, as was agreed when he joined Atletico... and the move will become permanent at the beginning of the 2020-21 season.”
Morata joined Chelsea from Real Madrid in 2017 and scored 24 times in 72 appearances for the Blues.
“We would like to thank Alvaro for his contribution and wish him the best of luck for the future,” Chelsea said.