Atletico Madrid have completed the signing of San Lorenzo striker Angel Correa.

The two clubs have reached an agreement for the transfer of the player for €5.6m. He will be loaned to Rayo Vallecano next month.

"There is nothing to highlight. The initial agreement remains and the only thing is that payments are deferred. Atlético officials were in Buenos Aires on December 10 to sign the papers and it was agreed that the first payment will be made in January. We will receive 5.6m euros in total," said Matías Lammens, San Lorenzo's president.

Correa was diagnosed with a benign tumour in the ventricle of his heart and had to undergo surgery on June 17 at Mount Sinai Hospital in New York. As a result, his transfer was not completed until he was 100% recovered.