Manchester City have activated Rodrigo Hernández Cascante's €70m release clause, paving way for the midfileder to join the Premier League champions.
In a statement, the club confirmed that City met the player's buy-out clause, a fee that was paid at the sports association’s headquarters on Wednesday, July 3.
Under Spanish football rules, the player is free to leave if he or any club after his services pays the release fee, which City have.
The 23-year-old has therefore unilaterally terminated his contract with the club, which was to run until June 30, 2023.
Manchester City pays Rodrigo's buyout clause at LaLiga headquarters. The player has unilaterally terminated his contract with our club.— Atlético de Madrid (@atletienglish) July 3, 2019
The remaining bit of the negotiations is a formality, with the deal expected to be completed in the next few days.
Rodri, as he is widely known is seen as the future of City's midfield, and will replace the ageing Fernandinho, 34.