Chelsea have reached an agreement with Atletico Madrid to allow Alvaro Morata to leave on loan, with the Liga club having a £48.5 million ($62m) option to sign the striker on a permanent basis, Goal understands.
Morata had already reached an agreement with Atletico Madrid over his personal terms last week and he is willing to accept a lower contract than his current £120,000 per week Chelsea deal upon the activation of an option to buy.
Offloading the 26-year-old striker is also a major step in Chelsea's bid to take over AC Milan's loan deal for Gonzalo Higuain, with the Blues having already reached an agreement with the Argentine forward's parent club Juventus.