Fernando Torres has been given a one-year contract extension by La Liga side, Atletico Madrid for the forthcoming 2017-18 season.

Torres is presently on a second stint with his boyhood club, having re-joined from AC Milan in January 2015 on the back of wildly contrasting spells at Liverpool and Chelsea in the Premier League.

In total, the 33-year-old has 105 goals for Atletico, including 28 under current boss Diego Simeone.

Though Torres is by no means a first choice in the striking position as he is behind the likes of Antoine Griezmann and Kevin Gameiro, he nonetheless provides squad depth for Simeone, with Atletico restricted by a transfer ban during the current close season.

"I am very happy to continue one more year together," said Torres in brief statement on Atleti's official website.

Arsenal’s new signing, Alexandre Lacazette was widely linked with a move to Atletico before the Court of Arbitration for Sport upheld their ban and the France striker opted for a record-breaking transfer to join the Gunners.