Although Atletico are still under a transfer ban by FIFA until January 2018, the club have matched Sevilla's 37.5million euros release clause.
The 27-year-old has put pen to paper on a long-term contract which will keep him in the Spanish capital until 2022.
Real look to future with Ceballos signing
According to a report from AS this afternoon, Spanish giants Real Madrid have included an astounding release clause in the contract of new signing Dani Ceballos .
His transfer has dominated the headlines in Spain's sporting press after Sevilla had initially announced he had signed a new five-year deal at the club, before he moved on.
"Due to FIFA's sanction that forbids the club from registering football players during the current summer market, the player will play the first half of the season with Unión Deportiva Las Palmas and will join our team starting on January 1st, 2018".
The midfielder has now ended his four-year association with Sevilla after choosing to link up with Diego Simeone's squad, despite having to wait until the second half of the season to feature at the Wanda Metropolitano.
Oposición venezolana saldrá a las calles para promocionar consulta
Con esta iniciativa, con la que espera movilizar a unos 14 millones de personas, la MUD agotará su último intento por frenar el proceso constituyente .
"Vitolo, who is 27, is a football player of proven experience and quality, and has worn the shirt of the senior national team 11 times and has become one the most creative players of the League in the last seasons".
Atletico's new signing won the Europa League three times with Sevilla, in 2014, 2015 and 2016.
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Colombiano Urán gana la etapa reina del Tour en foto-finish
Una final de infarto se robó todas las miradas en la novena etapa del Tour de Francia , la cual por cierto se la quedó el colombiano Rigoberto Urán .