Juventus have signed Spain striker Alvaro Morata on a one-season loan from Atletico Madrid for 10 million euros ($11.71 million), the Italian champions said on Tuesday.

The agreement also gives Juve an option to buy the 27-year-old at the end of the season for 45 million euros to be paid over three years, the Turin club added.

They could otherwise take him on loan again for the 2021-22 season for another 10 million euro fee and then buy him outright in 2022 at a reduced cost of 35 million euros.

Morata returns to the club where he spent two seasons between 2014 and 2016, including scoring in the Champions League final loss to Barcelona in Berlin in 2015.