Atletico Madrid agree deal to sign Arsenal target Martinez from Porto

Atletico Madrid have agreed to sign Porto's Colombia striker Jackson Martinez in a £24.8m deal.

Martinez had been linked with Arsenal, but Porto announced that Atletico had agreed to pay his release clause.

Jackson Martinez, who replaces Mario Mandzukic after he joined Juventus, said: "I'm excited about this move."

The 28-year-old moved to Porto in 2012, scoring 67 goals in 90 games and finishing as the Primeira Liga's top scorer in each of his three seasons.