This is following the termination of his contract by the club.
The statement was released on Tuesday morning which confirmed that the striker had requested his release and the club had agreed.
The official statement reads:
"Atlético de Madrid and Diego Costa have reached an agreement for the termination of the striker's contract, which was to end on June 30, 2021. The striker asked to leave the club for personal reasons a few days ago and on Tuesday signed the termination of his contract."
Diego Costa joined Atletico in 2006 at age just 17, the forward played 215 matches in two different spell, scoring 83 goals and providing 36 assists. He won one LaLiga title (2013-14), one Copa del Rey (2013), one Europa League (2018) and two UEFA Super Cups (2010 and 2018).
But the forward has fallen down the pecking order at the Wanda Metropolitano stadium due to arrival of Luis Suarez from Barcelona and Joao Felix from Benfica.
The statement added: "The club thanks Diego Costa for his dedication during these years and wishes him well in the next stage of his professional career."
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