Barcelona have announced the sale of David Villa to Atletico Madrid.

Atletico earned a reported £50million from the recent sale of Falcao to Monaco but will only be investing a fraction of that on Villa.

Barca said in a statement: "The deal will cost a maximum of 5.1million euros, with 2.1million this season, 2million more if the player is still at Atletico Madrid in the 2014/15 season and another million if he stays until the 2015/16 season.

"As well as that, Barca have reserved 50 per cent of the rights of any future transfer of the player."

Atletico also confirmed the deal in a statement on their website, adding: "This agreement will be consolidated once the Asturian player undertakes his medical and signs his contract with our club."