The Nigeria international was named African Player of the Year thanks to his performances for La Dea, including a hat-trick in the Europa League Final victory over Bayer Leverkusen.
epa11919188 Atalanta’s Ademola Lookman celebrates after scoring the 0-4 goal during the Italian Serie A soccer match of Empoli FC against Atalanta BC, in Empoli, Italy, 23 February 2025. EPA-EFE/CLAUDIO GIOVANNINI
He scored 20 goals with seven assists in 40 official games for the Bergamo side last season.
Atalanta have already done business with Atletico Madrid in this transfer window, having sold their youth team product Ruggeri to the Spaniards for a fee of circa €20m including add-ons.
Matteo Ruggeri Joins Atletico Madrid
The 22-year-old could yet be joined by his teammate Lookman in Madrid next term.