Official: Atletico Madrid confirm Lookman arrival from Atalanta

Atletico Madrid have announced that Ademola Lookman has arrived in the Spanish capital, and that he is set to become a new Atleti player pending the completion of his medical and contract signing. 

According to reports on Sunday, Atalanta will receive a guaranteed fee of €35m with bonuses of up to €5m. 

The Nigeria international is expected to put pen to paper on a four-and-a-half year contract worth around €7m per season in wages. 

“Atletico Madrid and Atalanta have agreed on the transfer of 28-year-old Nigeria international Ademola Lookman, who is already in Madrid. The agreement is pending the corresponding medical examination and the formalisation of his contract,” a statement from the club read on Sunday evening. 

Lookman has been linked with a move away from Atalanta for much of the last 18 months, following his hat-trick in the 2024 Europa League final. He had been close to a move to Paris Saint-Germain later that year, and has more recently been linked with a switch to Fenerbahce. 

He is now set to formalise his Atalanta exit at a total cost of €40m, which will make him the club’s fifth most valuable sale of all time, behind Rasmus Hojlund to Manchester United, Mateo Retegui to Al-Qadsiah, Teun Koopmeiners to Juventus and Cristian Romero to Tottenham.

Acuerdo con la Atalanta para el traspaso de Ademola Lookman.

El internacional nigeriano ya se encuentra en Madrid. El acuerdo está pendiente del reconocimiento médico y la formalización de su contrato.

➡️ pic.twitter.com/d88yaXPe1C

— Atlético de Madrid (@Atleti) February 1, 2026