Atletico Madrid will sign Memphis Depay from Barcelona for a fee that could increase to more than €4 million.

Xavi Hernandez, speaking earlier on Wednesday, had expressed a desire for no one to leave the club this month, but said he understood Depay's situation.

"If it was solely down to me, I would not let anyone leave, but I can understand it's not easy for him," he said in a news conference. "He is not playing as much as he would like."

Depay has only made four appearances this season for Barcelona.