Fernando Torres has signed a new one-year contract at Atletico Madrid to prolong his stay at his boyhood club.

The 32-year-old released a statement on the club's website: "I am happy to be here. I never had any doubts about where I wanted to be during the course of this process - even though we didn't know what was going to happen. In the end, the important thing is that I got what I had hoped for."

Sporting director Jose Luis Perez Caminero added: "It is great news for us because Fernando belongs here and all Atletico fans are happy that he will continue with us.

"He knows our club perfectly and is a point of reference for all of his teammates. The players who have come up from our academy have a mirror in which to look and he always has great advice for them. He is a player with great experience, used to winning titles and competing at the top level."