Atletico Madrid have announced the club record €126 million signing of Benfica attacker Joao Felix. The 19-year-old Portugal international has signed a seven-year contract keeping him at the Estadio Wanda Metropolitano until June 2026 and will be wearing the shirt number 7.
The transfer fee means Felix becomes the fifth most expensive player of all time, and only the second most expensive teenager behind Kylian Mbappe, who cost Paris Saint-Germain £165m last summer.
In a statement, Benfica confirmed Atletico will pay €30m upfront but will pay the rest in instalments after bidding €6m more than Felix's release clause of £107.6m (€120m).
The Spanish side announced the signing of the highly-rated 19-year-old midfielder through a video posted on their official Twitter feed, reading "welcome Joao Felix, pure talent."
Felix drew attention from a host of top European clubs after impressing last season with 20 goals in 43 competitive matches for Benfica and earning a call-up to the Portugal squad which triumphed in the inaugural Nations League finals.
He made his competitive debut in August after having joined from Porto's youth system in 2015.
Felix's move becomes Atletico's club-record transfer beating the £62m they spent on Thomas Lemar last summer - as star striker Antoine Griezmann remains poised to leave the club after announcing his desire to move in May.