“Atlético de Madrid and Bayern Munich have reached an agreement for the transfer of Mario Mandžukić,” read a statement on the club’s official website.
“The Croatian striker successfully underwent the medical examination in Madrid before signing a contract for four years with our Club.”
The 28-year-old arrives in Spain after two successful years in the Bundesliga with Bayern, netting 33 goals in 54 League appearances on his way to two successive Bundesliga titles, two German Cups, a Club World Cup as well as the 2013 UEFA Champions League crown.
The Croatian international, who scored twice in his country’s group stage exit at this year’s FIFA World Cup, was seen as surplus in Germany after the Bavarians secured the services of Borussia Dortmund frontman Robert Lewandowski.
Atletico’s Director of Football José Luis Pérez Caminero was delighted with the club’s latest acquisition, who is set to replace the Cheslea-bound Diego Costa.
"The incorporation of Mario Mandžukić is great news because he has the features we were looking for to cover this position,” said Caminero.
“He’s a strong forward, with a great high ball control and a powerful shot. It allows us to start pressuring behind the rival from the beginning, because he works hard on playing the ball out of defence.”
Caminero believes the forward will fit in perfectly with the Spanish title holders.
“He fits well with his attacking teammates and is used to competing at the highest level,” he said.
“He’s a winner, a player used to win titles.
“He’ll contribute very much."