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Benfica's Nicolas Gaitan set to join Atletico Madrid

Transfer News: Nicolas Gaitan is set to switch Benfica for Champions League runners-up Atletico Madrid after the two clubs agreed terms.

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Atletico Madrid have reached an agreement with Benfica to sign midfielder Nicolas Gaitan for €25million.

Gaitan made 37 appearances this season as Benfica claimed a league and cup double for the third year in a row.

The 28-year-old, who joined from Boca Juniors in 2010, is part of Argentina's squad competing the Copa America Centenario.

Gaitan will travel to Madrid to "complete all the formalities" once his participation in the tournament in the United States is over.

He has made 15 appearances for his country, scoring twice.

Benfica confirmed the value of the deal after Atletico had announced it on Thursday.

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