Atletico Madrid's new stadium will be called Wanda Metropolitano after China's Wanda Group, a 20 percent shareholder in the Spanish giants, won the naming rights, Atletico president Enrique Cerezo said on Friday.

Wanda acquired the 20 percent stake in the Champions League finalists for 44.98 million euros in April 2015, as Chinese firms and businessmen plough cash into some of European football's biggest clubs.