Atletico confirmed that City have paid the $79 million fee which automatically terminates Rodrigo's contract with the Spanish club.
"La Liga informed Atletico Madrid on Wednesday that representatives of Rodrigo Hernandez and Manchester City have deposited the amount of the release clause in the name of the player," Atletico said in a statement.
"In this way, the player has unilaterally terminated the employment contract that bound him to our club until June 30, 2023.".