Real Madrid have confirmed the sale of Marcos Llorente to Atletico Madrid.

Real have raked in €40m from the deal, with the midfielder agreeing to a five-year contract.

The move will be rubberstamped once Llorente passes his medical.

The 24 year-old's arrival will see Atletico allow Rodrigo to leave for Manchester City or Bayern Munich.

Llorente leaves after struggling to make a first team impression at Real last season.