Atletico Madrid will pay €30.5 million, plus undertake building work worth another €30m, as well as creating 4,000 parking spaces for public use. A Sport report.

As reported by Sport English, Atletico Madrid have struck a deal with the council to buy the land they are building the Wanda Metropolitano on. Atleti are expected to move there early into the 2017/18 season.

They will pay €30.5 million, plus undertake building work of another €30 million, as well as creating 4,000 parking spaces for public use.

© Atletico Madrid

The land, which used to be occupied by Estadio La Peineta, is now exclusively Atletico's and they will not have to host Olympic Games events there, should Spain host the event in the future. In the past it was precisely Peineta which was part of Madrid’s Olympic bids.

Atletico will leave Estadio Vicente Calderón after over 50 years. From the current 55,000 capacity they will move to a much more spacious stadium of almost 68,000. As of last week the team had 45,000 season tickets booked for the first season at Wanda Metropolitano.

© Atletico Madrid