The Portuguese side had already confirmed that the player would depart to join Diego Simeone's team, but it has now been confirmed that he will sign a four-year contract in the Spanish capital.
After selling Mario Mandzukic to Juventus, Atletico have payed the €35 million release clause to bring the 28-year-old to the Spanish capital.
The Colombia international enjoyed three bright seasons at the Portuguese side, scoring 32 goals in 42 games in all competitions last season.
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