Chelsea have reached an agreement with Atletico Madrid for the transfer of Spanish international Diego Costa.

The 25-year-old, who represented Spain in this summer's World Cup, scored 36 times in all competitions for Atletico last season as the capital outfit won their first La Liga title since 1996 and reached the final of the Champions League.

An agreement was reportedly reached at the beginning of the summer, but now Chelsea have confirmed that they have met the buyout clause for the Brazilian-born striker, which is believed to be in the region of £32m.

"Chelsea football club can confirm an agreement has been reached with Atletico Madrid for the transfer of Diego Costa, with Chelsea meeting the buy-out clause for the Spanish international," read a statement on the club's official website.

Thus far, there has been no official comment from the player himself or Atletico.