Atletico Madrid have confirmed that they have reached an agreement with Spanish La Liga rivals Barcelona for the transfer of Luis Suarez.
It was disclosed that the two clubs have agreed on a €6m (£5.5m) for the former Liverpool striker.
Luis Suarez had to leave Barcelona after new club manager Ronald Koeman deemed him to be surplus to requirements.
The €6m transfer fee for the 33-year-old will be paid instalmentally as per the announcement made by Barcelona.
He leaves Barcelona as the third highest goalscorer at the club behind Cesar and Lionel Messi.
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The Uruguayan international netted 186 goals in 283 appearances during his six-year stay at the Nou Camp.
During that time, Luis Suarez won 13 trophies for the Catalans.
He won four league titles, four Copa Del Rey titles and one Champions League title which came under Luis Enrique during the 2014/15 season.
Suarez won the Champions League title in his first season at the club.
He came close to joining Italian Serie A champions Juventus earlier this month before the transfer fell through.
Earlier reports had said that Barcelona president Josep Maria Bartomeu was not ready to sanction the sale of Luis Suarez to rival clubs like Atletico Madrid.
Suarez will replace Alvaro Morata at Atletico Madrid after the Spaniard signed for Juventus earlier this week.