Lyon have confirmed that striker Moussa Dembele has joined Atletico Madrid on loan with an option to make the deal permanent
The Ligue 1 leaders have signed Islam Slimani from Leicester City on a free transfer as a replacement for Dembele.
Dembele 24, joined the LaLiga leaders for a fee of €1.5million until the end of the season, when Atletico will have the option to buy him outright for an initial €33.5m.
Atletico are said to have focused all efforts on Dembele after having a bid rejected for Napoli’s Arkadiusz Milik, with the departure of Diego Costa after mutual contract termination at the end of December.
He has long been linked with some of Europe’s biggest clubs and will supplement Atletico’s already formidable attacking options that include Luis Suarez and Joao Felix.
Algeria striker Slimani arrived at Lyon on Wednesday on an 18-month contract to bolster their forward line as they challenge for the Ligue 1 title.
Dembele came through the ranks at Fulham after leaving Paris Saint-Germain as a teenager, and his form there secured him a move to Celtic.
He scored 26 league goals across two seasons in Scotland and won six trophies, before leaving for Lyon in a reported €22m deal in 2018.