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President gives important update after reports claim star will leave Chelsea

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Atletico Madrid president Enrique Cerezo has confirmed that the Spaniards will not make a move to sign Chelsea striker Diego Costa.

Recent reports have claimed that the Spaniard wants to leave Stamford Bridge and that he will be replaced by Belgium's Romelu Lukaku.

But Cerezo says that the Colchoneros will not buy any more players as he praised his squad ahead of the new season.

"It's a hell of a team," Cerezo told Marca.

"I honestly think it's our best squad in many years. The dressing room is full of great players, great professionals and great people oozing with desire to win.

"Always following El Cholo's [coach Diego Simeone] advice, we tried to sign assets to improve our weaker areas. There won't be new acquisitions beyond our budget, basically because LFP [Professional Football League] will not allow us to spend more.

"Diego [Costa] must respect the contract he signed with Chelsea, where I'm sure he'll succeed."

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