Manchester City have signed midfielder Rodri from Atletico Madrid in a club-record deal after paying his £62.5m release clause.

The La Liga side confirmed on Wednesday that City's representatives had paid the fee for Rodri at La Liga's headquarters, despite interest from Bayern Munich.

Rodri - who has signed a five-year deal with City - informed Atletico last month of his desire to leave the club this summer.

After completing his move, Rodri told the City website: "What City have achieved in the last two years has been amazing and I'm looking forward to being part of such a talented squad.

"It's not just the titles they have won, but the way they have managed it, playing attacking football at all times. It's a style that excites me, as do the club's ambitions.

"I can't wait to start working with Pep Guardiola and my new team-mates and hopefully we can achieve great things together."