ITS CRAZY!! Atletico Madrid Sign 19-Year Old Jao Felix For £113m (Photo)

Atletico Madrid have signed Portugal forward Joao Felix for 126m euros (£113m) from Benfica in the fifth most expensive transfer in history.

Benfica have confirmed Atletico will pay the fee in instalments, after bidding 6m euros more than the 19-year-old’s 120m euro release clause.

Only Neymar, Kylian Mbappe, Philippe Coutinho and Ousmane Dembele have moved for more money.

Felix has signed a seven-year deal with Atletico.

He made his senior debut in August and scored 15 goals last season as Benfica won the title.

Felix is now the second-most expensive teenager following the 180m euros paid to Monaco by Paris St-Germain for France forward Mbappe in 2018.

The former Porto youth player made his international debut against Switzerland in the Nations League semi-final in June.

He scored a hat-trick against Eintracht Frankfurtin the Europa League in April, becoming the youngest Benfica player and the youngest Portuguese footballer to score three goals in Europe and the youngest player ever to do so in the Europa League.