It's been gathered that Kondogbia will Thomas Partey in Diego Simeone's squad after Partey left for the Emirates this summer.
Los Rojiblancos were given special permission to sign the 27-year-old after seeing Partey join Arsenal for €50 million (£45m/$59m) on deadline day, with La Liga setting a November 5 deadline for Simeone to bring in a player to fill the Ghana international's boots.
Atletico announced Kondogbia's arrival via an official statement on their website, which reads: "Atletico Madrid have reached an agreement with Valencia for the transfer of Geoffrey Kondogbia who will play for our club for the remainder of the year and three more seasons.
"A talented player arrives at Atletico Madrid, with great physical power that makes him rule the centre of the field.
"His good ball stealing also makes him stand out when it comes to intercepting opponent's attacking plays, making him a very complete midfielder both for defensive tasks and for cutting-edge work when mounting counter-attacks.
"Thus, we welcome a player who joins our project with the greatest enthusiasm."
Atletico have benefitted from La Liga's rule which allows any club that sees a player leave after having their release clause triggered to sign a replacement from Spain within a four-week period.
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