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FC Porto have confirmed that Atletico Madrid have committed to paying striker Jackson Martinez's £25 million release clause.
The Colombian forward had been linked with moves to both Arsenal and AC Milan but it is the Spanish side who have stolen ahead, though they will still have to agree personal terms before the signing can be completed.
In a statement on the club's official website Porto confirmed: "This Tuesday, Atletico de Madrid informed Futebol Clube do Porto – Futebol, SAD that they will pay the release fee for player Jackson Martinez, worth 35 million euros."
The 28-year-old spent three seasons in Portugal, scoring 92 goals in 132 appearances. The club's president Pinto da Costa had previously announced that Martinez had decided to sign for Italian giants Milan but it now appears the striker will be staying on the Iberian peninsula.
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Arsenal legend Thierry Henry backed a move for the striker last month, calling him a "good fit" for Wenger's side.
