Atletico Madrid has completed the signing of striker Rafael Santos Borre from Colombian side Deportivo Cali.

The 19-year-old has penned a six-year contract with the Liga club, but will remain on loan with Deportivo until the end of this season.

"Rafael is a player with huge potential and a bright future," Atletico sporting director Jose Luis Perez Caminero told the club's official website. "When he joins the team next year he should have a lot more experience and will provide greater competitiveness in the attacking part of the team."

Borre has already scored 16 goals in 22 appearances for Deportivo in 2015.