Arsenal look to have missed out on Jackson Martinez, with the FC Porto striker's agent confirming a deal to take his client to Atletico Madrid has now been finalised.
The Colombia international has been simply prolific since moving to the Estadio do Dragao from Chiapas in 2012, earning plaudits and admiring glances from across the continent due to an enviable record of 67 goals in just 90 league appearances.
Such consistently excellent form has seen Martinez subjected to plenty of transfer speculation over recent summers, with long-term admirers and boyhood club Arsenal once again extensively linked with a move for his services following the end of the 2014-15 campaign as the Gunners seek to provide competition for current first-choice forward Olivier Giroud.
Reports cited by The Independent earlier in June claimed an offer would be made after the club had managed to negotiate the sales of Joel Campbell, Lukas Podolski and Yaya Sanogo.
Arsenal manager Arsene Wenger previously shared his belief that Martinez could successfully adapt to the Premier League. In February, he said: "He has top physical strengths. Hugely efficient, he is the kind of player who can make room for himself in the box.
"He could play in the Premier League because he has the body to make the difference. He uses it in a very intelligent way. He has a very short back lift and he's a very good finisher. He's on the list of many clubs, you know that."
AC Milan were interested in signing Martinez
AC Milan have also shown a keen interest in the 28-year-old of late and Porto president Pinto da Costa even claimed earlier in June that the player had chosen to join the Serie A outfit.
That move was subsequently ruled out by Adriano Galliani, though, with the Rossoneri's CEO having given an interview to La Gazzetta dello Sport in which he suggested the money saved from not signing Martinez or new Inter Milan recruit Geoffrey Kondogbia would save significant funds for them to "invest wisely" throughout the rest of the transfer window.
Atletico sanctioned the sale of Mario Mandzukic to Champions League finalists Juventus earlier in June and publications such as Spanish daily Marca appeared confident that Martinez would be signed as his replacement after Los Rojiblancos seemingly agreed to pay his release clause in full.
Despite telling TodoMercadoWeb that no definitive decision regarding the former Independiente Medellin striker's future had yet been taken, representative Luiz Henrique Pompeo subsequently confirmed the imminent switch to Atletico on 23 June.
"It was finalised today," he told AS. "We want to thank Milan for their interest right up the end, we feel very honoured by it, but you can't be in two places at once.
"It's a very big club, which has done important things in the league and in Europe. Jackson is going there to also achieve great things and to bring the best out of himself to become even better. That's his dream and he's very excited. He's really happy."
AS states the deal will be worth the full €35m (£24.8m, $39.2m) clause, with Martinez set to be unveiled at the Vicente Calderon after Colombia's involvement at the Copa America ends.