"The English club has authorised Diego Costa to travel to Madrid in the coming days to undergo medical tests and settle his contract with our club".
The deal was worth 60 million euros ($71.3m), according to AS, while Marca said Atletico will pay 55 million euros with a further 10 million euros in add-ons.
Diego Costa's departure will have no lasting impact on Chelsea's title ambitions because in Alvaro Morata they have signed the flawless striker to fill his boots, the club's former frontman Andriy Shevchenko said on Friday.
The 28-year-old Spain global was told over the summer by Blues manager Antonio Conte he was not in his future plans despite top-scoring for the west London club as they won the Premier League last season, per BBC Sport. "For sure he will be ready for the game against Atletico Madrid".
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But Conte expects Luiz to play at Atletico in the Champions League next Wednesday.
"I've been surprised that Morata has found the right chemistry with his team mates so quickly", he said.
The 28-year-old fell out with Blues boss Antonio Conte last season over rumoured interest from the Chinese Super League, with Costa failing to report back for training ahead of the 2017-18 campaign after being told he was no longer in the Italian's plans.
Despite Costa's Chelsea career ending in acrimony, Conte insisted he would shake hands with the striker in future. He helped Atletico win the Spanish league and reach the Champions League final in 2014.
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Indeed COPE adds that the idea is for the AWOL Chelsea striker to make his Atletico debut in the first leg of the Copa del Rey last eight to be played on 3 January if Los Colchoneros progress in the competition. He comes to be a victor and we will all be better with him in the team.
The club can sign new players but they can't play until the end of the ban.
By the time Atletico's transfer embargo is over at the start of 2018, Costa will not have played for over six months.
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