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Atletico Madrid land Angel Correa

Angel Correa has also been linked with Arsenal and Barcelona.
Angel Correa is leaving Argentina to play in Spain.

Atletico Madrid have confirmed the signing of Argentine teenager Angel Correa for an undisclosed fee reported to be between five and seven million euros.

- Atkins: Correa -- Argentina's next big hope?

Versatile attacker Correa, just 19, already has 12 goals in 61 games for San Lorenzo, a record which has brought comparisons with former Atletico and current Manchester City star Sergio Aguero, and reported interest from many of Europe's biggest clubs -- including City, Barcelona and Arsenal.

Atletico had however been leading the chase for months, and a club statement released on Tuesday said the deal was done pending the completion of a medical.

"Atletico Madrid and San Lorenzo de Almagro, Argentine primera division team, have reached an agreement for the transfer of Angel Correa to our club, pending the young Argentine talent passing the relevant medical tests," the statement said. "The forward will then belong to our club for five seasons."

Correa will be allowed to remain at San Lorenzo for the remainder of their Copa Libertadores campaign, says AS, who put the fee at five million euros. The Buenos Aires side face Bolivian club Bolivar over two semi-final games in late July, with the two-legged final being played in early August.

Mundo Deportivo claims that Atletico will pay seven million euros -- which only gets them the 60 percent of the player's rights which San Lorenzo currently "own." Third-party investors who "own" the remaining 40 percent will retain this stake.

Atletico's neighbours in the Spanish capital Rayo Vallecano are apparently interested in taking the youngster on loan next term, to allow him to gain experience in La Liga.

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