Alvaro Morata will join Atletico Madrid on a permanent basis from Chelsea.
He moved to the Spanish club on loan in January and netted six goals in 17 games for the Spanish side.
Morata had been Chelsea's record £60-million signing when he moved to Stamford Bridge in July 2017 but scored just 24-goals during his time in London where he won an FA Cup medal.
The Spanish striker wrote on social media that he is happy the move is now official.
Feliz. Ya es oficial. Ahora tendré tiempo para devolver con trabajo y goles todo el esfuerzo del club y el cariño de la afición. Gracias!!! #ForzaAtleti https://t.co/NGqFo7WNYa
— Álvaro Morata (@AlvaroMorata) July 6, 2019
Atletico confirmed the deal for the Spanish international, who follows Joao Felix in moving to Diego Simeone's side this summer.
"Atlético de Madrid and Chelsea FC have reached an agreement over the transfer of Álvaro Morata from July 1, 2020.
"The Spanish striker will play at our club on loan this season, as was agreed when he joined Atlético de Madrid in the January transfer window, and the move will become permanent at the beginning of the 2020-21 season.
"Morata made his debut at our club on Feb. 3 against Betis. Since then, the Spaniard has played 17 games and scored six goals."
Atleti have also signed Mexico midfielder Hector Herrera and Brazil centre-back Felipe from Porto, though Antoine Griezmann looks set to join their La Liga rivals Barcelona for 130-million Euro.