La Liga giants Atletico Madrid on Monday completed the £81.5m signing of Manchester City striker Julian Alvarez on a six-year deal.

Diego Simeone’s Spanish side will pay an initial £64.4m (75m euros) with a further £17.1m (20m euros) in potential add-ons for the Argentina striker.

Alvarez disclosed during the Olympics that he will decide his next destination after the Games as he grows disillusioned playing second fiddle at City.

The 24-year-old’s departure is a record sale for City, eclipsing the £50m they received from Chelsea for Raheem Sterling in 2022.

They paid Argentine side River Plate £14.1m for Alvarez in January 2022.

Alvarez said City – where he won six major trophies during his two-year stay – will always “have a special place” in his heart.

“Today I say goodbye to this amazing club, with a lot of emotion,” he is quoted by BBC.

“These have been two very special years. During this time, I have grown and learnt a lot – both as a player and as a person.”