Luis Suarez is set to be confirmed as an Atletico Madrid player after a £5.5million deal with Barcelona was agreed.
The La Liga rivals both announced they had reached an agreement over the former Liverpool striker, with Barcelona thanking Suarez for his six seasons at the club.
The 33-year-old striker was told by new Barca boss Ronald Koeman he was no longer needed at the Nou Camp, and looked set for a move to Juventus.
But after a move to the Serie A giants fell through, Suarez is now set to join Barcelona's La Liga rivals for €6m (£5.5m).
The Catalan club released a statement saying: "FC Barcelona and Atletico Madrid have reached an agreement for the transfer of the player Luis Suarez. The Madrid club will pay FC Barcelona €6 million in variables.
"FC Barcelona would like to publicly express their gratitude to Luis Suarez for his commitment and dedication and wishes him all the best for the future."
Atletico also announced via the club's Twitter page that the deal had been agreed.
Suarez leaves Barcelona as the club's third all-time top goalscorer with 198 strikes in 283 appearances, behind only Lionel Messi and Cesar.
He helped Barca to 13 trophies, including four La Liga titles, four Copa del Reys and a Champions League triumph.
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Earlier this week, his move to Atleti had appeared to be in jeopardy after reports emerged that certain clubs were 'blacklisted' as a transfer destination for Suarez.
ESPN claimed Barca officials had added Los Rojiblancos to a list of clubs the player was banned from joining, which was also said to include Manchester United.
And Spanish outlet AS reported that Barca president Josep Maria Bartomeu has forbidden the move to La Liga rivals Atletico, and would not be terminating the Uruguay international's contract if that was to be his destination.
However, such fears appear to have been unfounded, with Suarez set to be confirmed as an Atletico player on Thursday.
Barcelona are set to hold a press conference on Thursday to pay tribute to Suarez.
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