Despite his return to the Bernabeu, however, the Spaniard is still being linked with a move to the Premier League, with Real understood to be willing to listen to offers as they consider making a huge profit on the forward.
But neither Chelsea nor Arsenal have come close to reaching an agreement with Los Blancos.
Reports on Thursday claim the Blues have given up on Morata altogether after seeing a £62million bid rejected, and have now turned their full attention to re-signing Romelu Lukaku.
And it is looking increasingly likely that Morata will be given a chance at the Bernabeu after all.
“It’s amazing to be here again and I’m looking forward to starting. It’s a dream and I’m looking forward to working with all the enthusiasm in the world,” Morata told Madrid’s official website.
“I had two amazing years at Juventus. I learned a lot and I can only thank them because if it wasn’t for them I wouldn’t be here.”