Fernando Torres has signed a one-year contract extension with Atletico Madrid for the forthcoming 2017-18 season.

Former Spain striker Torres is in his second stint with his boyhood club, having re-joined from AC Milan in January 2015 on the back of wildly contrasting spells at Liverpool and Chelsea in the Premier League.

In total the 33-year-old has 105 goals for Atletico, including 28 under current boss Diego Simeone.

Torres largely serves as back-up to the likes of Antoine Griezmann and Kevin Gameiro nowadays but will continue to provide welcome squad depth for Simeone, with Atletico restricted by a transfer ban during the current close season.

"I am very happy to continue one more year together," said Torres in brief statement on Atleti's official website.

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Alexandre Lacazette was widely linked with a move to Atletico before the Court of Arbitration for Sport upheld their ban and the France striker became Arsenal's record signing earlier on Wednesday.