Barcelona have signed France striker Antoine Griezmann from La Liga rivals Atletico Madrid after paying his 120m euros (£107m) buyout clause.

The Frenchman will sign a five-year deal, the club announced on Friday.

“Barcelona has paid the 120 million euro buyout clause to release Antoine Griezmann from Atlético Madrid,” reads a statement on Barca’s official website.

“The player will sign a contract with his new club for the next five seasons, through to 30 June 2024, with a buyout clause of 800 million euros.”

Griezmann made 257 appearances at Atletico, scoring 133 goals. He won a Spanish Cup, Europa League and UEFA Super Cup with the club.