The Spanish club have released a statement confirming the signing of the striker on a five-year contract pending a medical.

It is reported the transfer will cost around €15m (£12.5m) plus bonuses.

Liga QUIZ: Can you guess the year from these El Clasico photos? 18/12/2019 AT 15:42

Attacking midfielder Vazquez is already in Florida to meet his new team-mates during a pre-season training camp.

The 27-year-old Italian-Argentine creative midfielder was under contract with Palermo until June 2019.

Liga Valencia hold Atletico in thrilling Liga draw 20/08/2018 AT 20:38