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Atlético Madrid Sign Ademola Lookman From Atalanta in €35 Million Deal Rising to €40 Million

Atlético outbid Fenerbahçe with trusted payment terms to secure the Nigeria forward on a deal to 2030.

Overview

  • Atlético and Atalanta confirmed the transfer, with Lookman signing a contract through June 2030 after completing formalities in Madrid.
  • The fee is reported at €35 million plus up to €5 million in add-ons, and his wages are widely reported at about €7 million per season.
  • Fenerbahçe also pursued the move but disagreements over payment structure and bank guarantees prevented an agreement with Atalanta.
  • Diego Simeone sought attacking reinforcements late in the window as Atlético moved to strengthen a forward line that had lacked punch.
  • Lookman departs Atalanta with 55 goals, including a Europa League final hat-trick in 2024, and he posted a farewell message to fans.