Ademola Lookman is on the verge of completing a high-profile move to Atlético Madrid after all parties reached a full agreement on a €40 million transfer from Atalanta. The deal, confirmed today, includes a €35 million fixed fee plus €5 million in add-ons, with the Nigerian forward already agreeing to personal terms on a long-term contract.
SoftFootball understands that Atlético moved decisively after Lookman opted for La Liga, accelerating talks that had been progressing steadily in recent days.
The Spanish side’s breakthrough came after Fenerbahçe dropped out of the race due to disagreements over payment structure and financial guarantees, despite having previously held a verbal agreement. Atlético matched Atalanta’s valuation with a cleaner financial proposal, allowing them to move ahead quickly and secure the player’s commitment.
The club is now arranging travel and medicals for Lookman, as shared by Fabrizio Romano on his official X account, who was left out of Atalanta’s matchday squad as preparations for his departure gathered pace.
Fabrizio Romano posted:
Ademola Lookman to Atlético Madrid, here we go! The agreement is in place on every detail.
€35m fixed fee, €5m add-ons to Atalanta and long term deal agreed by Lookman after decision last night.
Atlético, planning now for travel and medical next for the Nigerian.
Lookman is expected to sign a four-year contract running until 2030, earning around €7 million net per season. While this salary falls short of what Fenerbahçe were prepared to offer, the opportunity to play under Diego Simeone and compete in La Liga proved decisive.
Atlético view the 28-year-old as a versatile attacking option capable of operating across the front line, bringing pace, directness and proven big-game quality. The move brings an end to a highly successful chapter at Atalanta, where Lookman made 137 appearances and scored 55 goals.
His status in Bergamo was sealed by a historic hat-trick in the 2024 UEFA Europa League final against Bayer Leverkusen, delivering the club’s first major European trophy. Beyond club football, he has also continued to shine on the international stage, most recently playing a key role as Nigeria secured a ninth AFCON bronze medal.
For Atlético, the signing represents both ambition and precision in the market. For Lookman, it marks a strategic step into one of Europe’s most demanding leagues at the peak of his powers.
