ASreport thatSpanish striker Fernando Torres has agreed a one-year deal to remain at the club.The 32-year-old enjoyed an upturn in form after returning to the club, though this was not enough to see him named in Spain's Euro 2016 squad.
Manager Diego Simeone reportedly gave the forward a year-long contract - which can be extended if he meets performance-based targets - despite initialconversations revolving around atwo-year deal.
The manager has become one of the most sought-after in Europe after he single-handedly transformed the club's fortunes in recent years - reaching two Champions League finals.
AS also say that Simeone had to be convinced that he had not taken the club as far as he could, and there was real worry that he may decide to leave.
However, sporting director Andrea Berta went to visit him in Argentina to convince him to stay, before returning and finalising Torres' contract.
Nuestra tristeza es solo comparable al orgullo que sentimos por ser del @Atleti . VOLVEREMOS. #ForzaAtleti pic.twitter.com/DSAwOYoY19
Originally breaking through at the club as an 17-year-old and becoming club captain by 19, Torres has been adored by Atletico fans for years.
Hebecame one of the most feared strikers on the planet when he signed for Liverpool in 2007 - but injuries stopped him performing consistently, and he had an unsuccessful spell at Chelsea.
More recently, the player has been at AC Milan, but joined his hometown club again in 2015 on loan and helped them reach the Champions League final, in which they lost to their great rivals Real Madrid on penalties.