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Atletico Madrid striker Fernando Torres has signed a one-year contract extension with the club, although the Spanish international has also negotiated a reduced buy-out clause.

The 22-year-old has extended his Atletico deal until 2009 but the cost to buy him out of his contract was cut from 90 million euros to 40 million.

“This clause is nothing more than a symbolic gesture because if a player wants to leave a club, eventually he does,” Torres told a news conference on Tuesday.

“The quantities involved are irrelevant because the thing that counts is the commitment of both parties, and their word.

“The fans asked me to stay and the club know other clubs offered large amounts of money but I have never said I wanted to leave. I hope I’ll be here for more than just another three years.”

Atletico president Enrique Cerezo said: “I don’t think it will be the last contract he signs with Atletico. He has grown up here and his wish is to stay and win titles here.”

Torres was linked with moves to Manchester United and Inter after the World Cup but opted to stay with Atletico.

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