Antoine Griezmann has joined Barcelona from Atlético Madrid after

the Catalan club announced they had paid his €120m (£107.6m) buyout fee.

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The 28-year-old France forward will sign a five-year contract that ties him to the Camp Nou until 30 June 2024 though Atlético believe they are owed €80m more Griezmann. They claim the player made an agreement to join Barcelona before July, when the buyout clause was still set at €200m, and have announced their intention to take the Spanish champions to court.

“Atlético de Madrid believes that the amount deposited is insufficient to meet its rescission clause, since it is obvious that the commitment of the player and that of Football Club Barcelona was closed before the aforementioned clause was reduced from €200m to €120m [on 1 July],” read a statement. “It was also prior to the date on which the clause was modified the communication that the player made on 14 May announcing his disengagement from the club.” The Spanish champions claim they only started to talking to Griezmann on 4 July.

“With his arrival at FC Barcelona, the Frenchman takes another step forward in his career with the goal of consolidating his place as one of the best players in the world,” the Spanish league champions said in a statement. Griezmann’s contract with Barça will have a buyout clause of €800m, they added.

Quick guide Football's top 10 most expensive transfers Show Hide 1 Neymar, Barcelona to PSG, 2017, £200.6m

2 Kylian Mbappé Monaco to PSG, 2017, £128m

3 Antoine Griezmann, Atlético Madrid to Barcelona, 2019, £107.6m

4 Philippe Coutinho, Liverpool to Barcelona, 2018, £106.4m

5 Cristiano Ronaldo, Real Madrid to Juventus, 2018, £99.2m

6 Ousmane Dembélé, Borussia Dortmund to Barcelona, 2017, £96.8m

7 Paul Pogba, Juventus to Manchester United, 2016, £89m

8 Gareth Bale, Tottenham to Real Madrid, 2013, £85.3m

9 Cristiano Ronaldo, Manchester United to Real Madrid, 2009, £80m

10 Gonzalo Higuaín, Napoli to Juventus, 2016, £75.3m Photograph: Jonathan Brady/PA

Griezmann had been heavily linked with a move to Barça last summer but ended up signing a new contact with Atlético until 2023. However, the 2018 World Cup winner spent only one more season at Atlético before announcing in May that he would be leaving the club this summer.

The former Real Sociedad forward leaves after five prolific seasons in the capital in which he scored 133 goals as well as helping the club win the Europa League, Uefa Super Cup and Spanish Supercopa.

Griezmann has become the third most-expensive signing in football history, behind Kylian Mbappé and Neymar, who Barcelona have again been linked with after Paris St Germain’s sporting director, Leonardo ,said he was prepared to sell the Brazil forward. Neymar was scheduled to report back to the French club’s training ground on Monday but was absent without leave