The Catalans’ third top goalscorer of all time was told he was not wanted by new FC Barcelona coach Ronald Koeman and has been looking for a new club.
The 33-year-old Suarez, who has one year to run on his FC Barcelona contract, agreed a deal with the club to cut it short, the reports said.
A newspaper, Mundo Deportivo, said Suarez has fixed a contract with Atletico Madrid for two seasons, although the club will need to lighten their wage bill to accommodate the Uruguayan.
Media reports in Italy also say Juventus are in talks with Atletico Madrid to re-sign Spain striker Alvaro Morata.
Suarez had been heavily linked with Juventus, but coach Andrea Pirlo said it was unlikely he would come to Italy because of the difficulty in obtaining an EU passport.
The striker finished as Barca’s second-highest scorer last season behind captain Lionel Messi and scored 198 goals in 283 games for Barca, after joining in 2014 from Liverpool.
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