Atletico says in a statement that Rodri has "unilaterally terminated the employment contract that bound him to" Atletico until June 2023. The fee is close to the club-record fee of 60 million pounds (then $80 million) that City paid Leicester for winger Riyad Mahrez last offseason.
The 23-year-old Rodri is being viewed as the long-term replacement for Fernandinho, the midfield anchorman who has been one of City's unsung stars in its Premier League-winning campaigns of the last two seasons.
It is City's first foray into the transfer market this offseason, with manager Pep Guardiola also likely to sign a defender before the season begins in early August.
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