​Atletico Madrid have confirmed the capture of teenage superstar Joao Felix from Benfica on a seven-year contract in a deal worth €126M.

While a host of Europe's elite clubs had been vying for the 19-year-old, who scored 18 goals in all competitions for Benfica last season, lifting a first Primeira Liga title in the process.

The Portuguese starlet is set to replace outgoing striker Antoine Griezmann, after Atletico's CEO Gil Marin confirmed the Frenchman is set to join Barcelona this summer after calling time on his career in the Spanish capital. Negotiations between Benfica and the Rojiblancos began back on June 1, with Diego Simeone's side finally agreeing to meet the player's hefty release clause, as confirmed on the club's website.

A statement on Atletico's website read: "João Félix is now an Atlético de Madrid player. 

"Our club and Benfica have reached an agreement over the transfer of the young Portuguese footballer. The forward has already passed his medical at the Clínica Universidad de Navarra and signed his new contract for the next seven seasons.

"With João Félix’s arrival, we add to our squad a versatile player who can play in any attacking position. He’s a skilful footballer who can dribble and who’s very good on the ball. He can also score and set up a teammate, as proven by his 20 goals and 11 assists this season. Because of all of this, the Atleti Family welcomes João Félix and wishes him the best of luck at his new home."

Atletico have a history of developing young players, with the aforementioned Griezmann mastering their craft at the club alongside the likes of Jan Oblak and José Giménez.

Felix' arrival at the Wanda Metropolitano follows the news on Thursday that the club ​had signed Marcos Llorente from bitter rivals Real Madrid on a five-year contract.