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Tiago cut loose by Juventus as Atletico Madrid wait

Tiago Mendes is expected to move to Atletico Madrid after being released by Juventus.

The former Chelsea midfielder spent last term on-loan with Atletico.

"Juventus Football Club S.p.A. announce the termination by mutual consent of Tiago Cardoso Mendes' contract," read a statement.

"This operation has a negative effect on the 2010-11 books of €2.8m due to the devaluation of the player."

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