Atletico Madrid have revealed that their new stadium will be called the Wanda Metropolitano.

Diego Simeone's side also revealed a brand new badge, which will be on their shirts from next season.

The Spanish giants will move from the Vicente Calderon, their home for 50 years, to the new 67,000-seater ground, which will be sponsored by Chinese property company Dalian Wanda Group.

Atletico Madrid have revealed their new stadium will be called the Wanda Metropolitano

A mocked-up image of the new stadium, where Atletico will move in the summer

The Spanish giants have also unveiled a new badge (bottom right) to be used from next season

Atletico's current badge (left) compared to their new badge from next season (right)

ATLETICO MADRID FIXTURES December 12 v Villarreal (away) December 17 v Las Palmas (home) December 20 v Guijeulo (home) (Copa del Rey) January 7 v Eibar (away) January 14 v Real Betis (home) Advertisement

Wanda have had ties with Atletico since January 2015 when it acquired 20 per cent of the club and began sponsoring the training ground.

'I am honoured to say we have reached an agreement with Wanda to name our new stadium. They are the best partners on our journey to keep working for a better future,' club president Enrique Cerezo said.

The new ground's name is also a reference to the club's first real stadium, the Metropolitano, where they played their first La Liga games and which they called home until moving to the Vicente Calderon in the south of the city in 1966.

'The fact Atletico thought of this second name is very exciting. It awakes a lot of sentiment for everyone who has Atletico in their blood,' added Fernando Torres, who came through the club's academy to become captain and returned in 2015.

The new ground is named after Atletico's first stadium, the Metropolitano

'Now soon I will be able to tell my grandfather that I played at the Metropolitano.'

The deal was signed on Friday in China by representatives of Wanda and the club's chief executive Miguel Angel Gil Marin, who hailed the move to the new stadium as another sign of Atletico's growth.

Under the guidance of charismatic coach Diego Simeone, a former Atletico midfielder, the club have shed the tag of perennial underachievers to challenge Real Madrid and Barcelona as the top clubs in Spain.

Fernando Torres (far left) said those with Atletico in their blood would be stirred by the name

Atletico broke Real and Barca's 10-year stranglehold on the La Liga title in 2014 and have reached the Champions League final twice in the last three seasons.

'We are very excited by this deal. Atletico and Wanda are growing global brands that want to keep growing and reach even more places,' Gil Marin said.