MADRID, May 28 (Xinhua) -- Spanish BBVA Primera Liga champions, Atletico Madrid have begun strengthening for next season with the confirmation of the signing of Argentinean striker Angel Correa from San Lorenzo de Almagro.
19-year-old Correa cost eight million euros and has agreed a five-year-contract with the Spanish club, who were also beaten finalists in Saturday's Champions league final.
Part of the agreement means that Correa will be able to stay with San Lorenzo as long as his club remain in the Copa Libertadores.
San Lorenzo will play Bolivar in the semi-final of that competition in July and should they qualify for the final, which is held in August, that would mean him missing pre-season training with Atletico as well as the club's tour of North America.
Correa's signing could move the departure of Atletico's Spain international striker, Diego Costa slightly closer with English Premier League club, Chelsea thought to be interested in the Brazilian born forward.
Meanwhile the Spanish press speculated on Wednesday that central defender, Joao Miranda could be another player to abandon the Vicente Calderon this summer.
The Brazilian central defender, who has been vital this season, is thought to be on the verge of a move to join Manchester United.
The English club need to sign at least two central defenders this summer after releasing Rio Ferdinand and losing Nemanja Vidic to Inter Milan.
Elsewhere Levante are looking for a new coach after talks to extend the contract of Joaquin Caparos broke down.
Caparros is now favorite to replace Lucas Alcaraz at Granada, while former Osasuna boss, Javi Gracia is expected to sign for Malaga in what is turning out to be a busy end of season in the dugouts of Spain's top-flight clubs.