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As part of the deal, Juventus will pay an initial€10 million (£9m/$11m) fee for the season and another€10m if they want to retain Morata for another year, while there is a€45m(£40m/$52m) option included to make the transfer permanent after the first season.
If Juve decide to extend the loan for a second year but then want to sign Morata permanenty, they will have to pay Atletico€35m (£32m/$40m) - meaning any permanent transfer for the striker will cost Andrea Pirlo's side€55m(£50m/$65m) in total.