Costa, 28, will return to the Spanish outfit January 1 after his move from Chelsea was finalised on Tuesday.
The Spain striker leaves Chelsea in a deal worth a reported €60million after three campaigns, two of which ended with the league title.
Costa thanked the club on Instagram after his move to Atletico was finalised, saying he would never forget his time at Stamford Bridge.
Costa leaves Chelsea having won two Premier League titles, one League Cup and scored 59 goals in 120 appearances. He finished as Chelsea’s top scorer in each of his three seasons in west London.
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