The Belgian will spend a second season on-loan in Madrid.
"I am very happy to play another year at this great club and this great league," he said.
"I hope we have a good season, get into the Champions League and we get far in the Champions League.
"Belgium will play the qualifying matches for the 2014 World Cup and I want to be the first goalkeeper, although they are a great team and there is a lot of competition for the job.
"If I play well at Atletico it will help me achieve this. Most importantly if I'm good at Atletico my chances of being selected will be better."