Luis Filipe is delighted with his move to Atletico Madrid.
His sale will allow Deportivo La Coruna to pay off the four million euros owed to midfielder Sergio Gonzalez in unpaid wages.
Failure to pay that debt by August 2 could have seen Deportivo punished with relegation.
Deportivo also owed Atletico close to 2million euros for the transfer of defender Ze Castro last year.
Filipe, meanwhile, is delighted to finally seal his move to Atletico.
"It has been a very complicated operation," he told reporters during his presentation.
"I am happy because this is a great and historic club in Spanish football."
Filipe had a spell at Real Madrid as a youngster, but says he has always admired Atletico.
"Real Madrid opened the doors for me to Spanish football, but I have always had affection for Atletico," he said.
The full-back claims he is not concerned to have missed out on a move to Barcelona either.
"I didn't have to choose between Barca and Atletico - I simply chose Atletico," he said.