Atletico Madrid have signed Moussa Dembele on loan from Lyon until the end of the season.
Lyon said in a statement that the loan deal worth €1.5m (£1.3m) is accompanied by a purchase option set at €33.5m (£27m). On top of that there may be added incentives up to €5m (£4.5m), as well as a sell-on fee of 10 per cent on a possible future transfer.
Dembele, 24, joined Lyon from Celtic for €22m (£20m) in August 2018 and is under contract until June 2023. He has scored 45 goals in 108 games for the Ligue 1 leaders.
Lyon have signed Leicester striker Islam Slimani to replace him. Slimani, 32, has signed an 18-month contract at Lyon after the Ligue 1 club agreed the loan of former Fulham and Celtic forward Dembele to Atletico.
Slimani joined Leicester from Sporting Lisbon in August 2016 for a club-record £29m fee. The Algerian international scored 13 goals in 47 appearances and spent loan spells at Newcastle, Fenerbahce and Monaco during his time with the Foxes.
Slimani made one Leicester appearance this season, coming on as a substitute in October's 1-0 Premier League home defeat to Aston Villa.
Additional reporting by PA
