Chelsea Fc has confirmed the permanent transfer of Spanish striker Alvaro Morata to Athletico Madrid for a fee in the region of  £50m .

The two clubs have reached an agreement that will see Morata remain on loan at the Rojiblancos before the deal is made permanent in 2020.

The former Real Madrid striker finished the season on loan at the Wanda metropolitano where he bagged six goals in 17 games and has made no secret of his desire to stay  with Diego Simeone's side.

Atletico said in a statement released on the club’s official website: “Atletico Madrid and Chelsea have reached an agreement over the transfer of Alvaro Morata from July 1, 2020.

“The Spanish striker will play at our club on loan this season, as was agreed when he joined Atletico Madrid in the January transfer window, and the move will become permanent at the beginning of the 2020-21 season.

The Blues signed Morata from Real Madrid in the summer of 2017 for a fee in the region of £58m ($73m) as a replacement for Diego Costa, but struggled to live up to his price tag.

Across 72 appearances for the Premier League outfit, Morata recorded 24 goals.

The hope was that he would deliver , with Chelsea having snapped him up as a replacement for Diego Costa. Morata is now a club colleague of a fellow Spain international in Madrid.