Madrid: Atletico Madrid have announced the departure of defender Sime Vrsaljko to Inter Milan on loan in a deal that gives the Serie A side an option to make the acquisition permanent.

The 26-year-old Croatian international appeared in 54 matches for Atletico over two seasons with the La Liga club.

Media outlets said on Tuesday that Atletico will receive €7 million ($8 million or Dh29.36 million) up front and a total of €25 million if Inter decide to exercise the purchase option next spring.

Vrsaljko was part of the Croatia squad that finished second in the 2018 World Cup, losing the final to France.

To replace Vrsaljko, the Atletico picked up Colombian defender Santiago Arias from PSV Eindhoven.

Arias, also 26, signed a five-year contract, Atletico said.

The Colombian, who scored nine goals in 136 matches with PSV, was voted player of the year in the Dutch first division last season.

Arias started all four of Colombia’s contests in the 2018 World Cup.

Atletico has been active in the summer transfer window, bringing on-board Rodrigo Hernandez, Antonio Adan, Thomas Lemar, Nehuen Perez, Gelson Martins and Arias.