21:32 GMT - Casillas lifts the trophy - Carlo Ancelotti climbs the steps before the Real boss receives his winner's medal from UEFA President Michel Platini - the Real Madrid players follow before 'keeper Iker Casillas lifts the trophy to jubilant cheers from the Real fans as music blasts out across the Estadio da Luz.
Real Madrid's Cristiano Ronaldo celebrates after scoring a penalty during the Champions League Final in Lisbon
Real Madrid have won their tenth European Cup, their long-sought after 'Decima'.
21:21 GMT - REAL MADRID WIN CHAMPIONS LEAGUE! - Final score: Real Madrid 4 Atletico Madrid 1
21:19 GMT - Simeone angry with Varane - 120 mins - Atletico boss Diego Simeone runs onto the pitch and points accusingly at Real defender Raphael Varane as Angel Di Maria tries to restrain him - clearly something he didn't like about the French defender's celebration.
21:18 GMT - PENALTY Real! - 129 mins - Real Madrid 4 Atletico Madrid 1 - Real rub salt in Atletico wounds as Ronaldo is tripped in the area and buries the resulting penalty. Harsh on Atletico.
21:15 GMT - GOAL Real Madrid! - 128 mins - Real Madrid 3 Atletico Madrid 1 - Ronaldo picks out Marcelo with a short pass and the Brazilian slices through the Atleco defence before rifling a low shot underneath Thibaur Courtois in the Atletico goal to seal Real's tenth title.
Marcelo is booked for taking his shirt off in celebration but it's of little consequence now.
21:11 GMT - Atletico chance! - 112 mins - another bad misjudgement from Iker Casillas in the Real Madrid goal as he flies out to intercept a cross but misses it. The ball falls to David Villa but he snatches his shot over the crossbar.
21:08 GMT - GOAL Real Madrid! - 110 mins - Real Madrid 2 Atletico Madrid 1 - Angel Di Maria slices in from the left and pokes a cross to the back post where Welsh winger Gareth Bale rises highest to nod the ball inside the far post.
Real's 10th European Cup is back on!
21:03 GMT - 'Falling like flies' - "Players falling like flies now. Ronaldo needing help after that last shot, Juanfran in big trouble, Koke with cramp," writes AFP reporter Kieran Canning from the Estadio da Luz via his Twitter account @KieranCanning.
20:59 GMT - Extra-time half-time - 105 + 1 mins - 15 minutes of extra-time gone and we can't separate the sides in Lisbon. Still Real Madrid 1 Atletico Madrid 1.
20:53 GMT - Gabi booked - 99 mins - Atletico defender Gabi rightly cautioned for tackling Marcelo from behind, sending the Brazilian sprawling. Ronaldo's subsequent free-kick seems to come off Gabi's arm in the wall and the Portuguese wants a penalty but the referee isn't interested.
20:50 GMT - Ronaldo cramp - Touch of cramp for Ronaldo as Bale helps him out near the centre circle - a high octane last 30 minutes is taking its toll.
20:43 GMT - Extra-time underway - They kick off again in Lisbon with thirty minutes of extra-time to come - can one of these Madrid rivals win it or will it be penalties?
20:41 GMT - Full-time: Real Madrid 1 - Atletico Madrid 1 - So it's extra time in Lisbon...
20:35 GMT - GOAL Real Madrid! - 90 + 3 mins - Sergio Ramos leaps highest to plant a bullet header low past Courtois into the far corner and the stadium explodes with noise!
20:33 GMT - Added time! - Atletico have just five minutes to hold out and claim Champions League glory as the official raises his board.
20:30 GMT - Penalty? - 84 mins - Atletico Juanfran makes a desperate lunge to get to a cross just ahead of Marcelo in the area but catches the Brazilian high on the chest in the process. Risky challenge but no appeals from Real.
20:25 GMT - Block by Godin! - 79 mins - Great tackle from Atletico's goalscorer Diego Godin who shows lighting reactions to block Isco after the young Spaniard tried to shoot from eight yards. Real creating chances at will now.
20:23 GMT - Benzema substituted - 78 mins: Ancelotti makes another change sending Alvaro Morata on for Karim Benzema
20:20 GMT - Chance Bale! - 77 mins - Gareth Bale breaks free on the right and shows searing pace as gets away from the Atletico defence and bears down on goal but the Welsh winger can only toe-poke the ball wide right with options in the middle. Great chance!
20:19 GMT - Juanfran booked - 74 mins - Atletico defender Juanfran in the book after sliding in from behind on Di Maria near the halfway line. He seemed to win the ball but was fractionally late and caught the Real winger around the ankles.
20:15 GMT - Villa booked - 72 mins - Atletico striker David Villa in the book for catching Iker Casillas in the midriff after sliding in to reach a curling cross from the right. Unintentional as he was clearly going for the ball.
20:10 GMT - Chance Real! - 67 mins - Real upping the pressure here and they carve out another good opening as Modric picks out Ronaldo on the edge of the area who shifts the ball to Benzema who in turn tees up recent substitute Isco but the young Spanish midfielder snatches his shot wide left of Courtois's goal.
20:09 GMT - Chance Real! - 62 mins - inviting early cross from Sergio Ramos on the left and Ronaldo's soars towards it but just fails to make contact at the far post. Great chance as Real press for an equaliser.
20:00 GMT - Substitutions by Real - 59 mins - Carlo Ancelotti clearly feels he needs to force the issue as the Real boss sends on Isco for Sami Khedira in midfield and Marcelo for Fabio Coentrao at left-back
19:59 GMT - Chance Atletico! - 56 mins - Atletico go straight down the other end and almost fashion a second goal as Koke cuts in from the left byline only for Ramos to get back and make a crucial block as the cross came in.
Adrian's shot from the resulting corner is then blocked.
19:58 GMT - Chance Real! - 53 mins - Real's Cristiano Ronaldo lines up the resulting free-kick from Miranda's foul 25 yards out and strikes a ferocious dipping shot towards goal which Courtois palms over for a corner.
19:56 GMT - Yellow card - 52 mins - Atletico defender Miranda cautioned for cynically pulling back Angel Di Maria as the Real winger slalomed through Atletico challenges towards the Atletico area.
19:44 GMT - Mixed emotions - "Mixed emotions at half-time at the Estadio da Luz," writes AFP reporter Kieran Canning from the stadium.
"The Real fans fell very quiet after Diego Godin's goal, but roared their side back onto the pitch for the second-half with chants of "Si se puede" ("Yes we can").
"At the other end of the ground the Atletico fans are in disbelief that their side are just 45 minutes away form a first ever Champions League triumph.
"Can Ronaldo, Bale and co turn the game around or will Atletico's defence hold firm as it has all season?"
19:33 GMT - Half time - Real Madrid 0 Atletico Madrid 1 - 45 + 1 mins - After a stalemate for 36 minutes, one misjudgement from Iker Casillas allowed Diego Godin's header to creep over the line and Diego Simeone's side lead at the break in Lisbon.
19:29 GMT - Yellow card - Real Madrid's German midfielder Sami Khedira in the referee's notebook for a late challenge.
19:26 GMT - Real 4-4-2 - "Real have switched to 4-4-2 for the moment. Bale and Di Maria wide. Ronaldo and Benzema up top ," AFP reporter Kieran Canning tweets via his official handle @KieranCanning from the Estadio da Luz.
19:22 GMT - GOAL Atletico! - 36 mins - Diego Godin puts Atletico Madrid ahead, the Uruguayan defender looping a header over Real 'keeper Iker Casillas who is caught in no-man's land and despite a desperate lunge can't keep the ball from crossing half a yard the line.
Advantage Atletico!
19:17 GMT - Chance for Bale! - 32 mins - Gareth Bale has the best opening of the game so far, bursting into the box but shooting wide after an Atletco defender just gets a tackle in as the Welsh winger pulls the trigger.
19:14 GMT - Yellow card - Real Madrid's Spanish defender Sergio Ramos is cautioned for his reaction to Raul Garcia's foul.
19:13 GMT - Yellow card - 27 mins - Atletico defender Raul Garcia gets a deserved yellow for a brutal lunge on the onrushing Angel Di Maria as the Real winger approached the penalty area.
Ronaldo takes the resulting free-kick but it's straight at Courtois.
19:06 GMT - Free kick Real - 22 mins - Free kick to 'Los Blancos' in a promising position to the left of the area. Luca Modric swings it in but it's a tame effort and 'keeper Thibaut Courtois claims unchallenged.
18:54 GMT - Diego Costa substituted! - Diego Costa has lasted just nine minutes - Diego Simeone took a big risk playing Atletico's talismanic striker who has been struggling with a hamstring injury but Costa clearly wasn't fit and Adrian Lopez replaces him.
18:46 GMT - Kick off - The game kicks off amid a deafening roar at the Estadio da Luz!
18:40 GMT - Starting line-ups - Starting line-ups from the Champions League final between Real Madrid and Atletico Madrid at the Estadio da Luz, Lisbon:
Real Madrid (4-3-3)
Iker Casillas (capt); Dani Carvajal, Sergio Ramos, Raphael Varane, Fabio Coentrao; Sami Khedira, Luka Modric, Angel di Maria; Gareth Bale, Karim Benzema, Cristiano Ronaldo
Coach: Carlo Ancelotti (ITA)
Atletico Madrid (4-4-1-1)
Thibaut Courtois; Juanfran, Diego Godin, Miranda, Filipe Luis; Koke, Gabi (capt), Tiago, Raul Garcia; David Villa, Diego Costa
Coach: Diego Simeone (ARG)
Referee: Bjorn Kuipers (NED)
18:33 GMT - Team news - Atletico Madrid's top scorer Diego Costa will start the Champions League final after making a remarkable recovery from a hamstring injury suffered just a week ago.
Costa seemed certain to miss the clash after pulling up with the recurrence of a hamstring injury in their La Liga title-clinching draw against Barcelona last weekend.
But the Brazilian-born striker reportedly travelled to Serbia to have special horse placenta treatment on the injury and came through a fitness test in Atletico's training session on the eve of the game.
Arda Turan has not recovered from a hip injury he also suffered against Barcelona, though, so Raul Garcia comes into midfield.
There was mixed news for Real on the injury front as Karim Benzema has overcome an abductor injury to start alongside Cristiano Ronaldo and Gareth Bale in attack.
However, Pepe didn't recover from calf strain in time so Raphael Varane keeps his place alongside Sergio Ramos in defence.
Real boss Carlo Ancelotti has also sprung a surprise by naming Sami Khedira in midfield in the absence of the suspended Xabi Alonso.
Khedira only returned from seven month injury layoff due to cruciate ligament damage two weeks ago and is yet to complete 90 minutes since his return.
17:57 GMT - WELCOME TO AFP'S LIVE REPORT ON THE CHAMPIONS LEAGUE FINAL as Madrid rivals Atletico and Real clash for the biggest prize in European club football at the Estadio da Luz in Lisbon.
Tens of thousands of Atletico and Real fans have poured into the Portuguese capital in the last 24 hours, with Real supporters hoping to see their team looking to end a 12-year wait for their 10th European Cup.
Atletico come into the game full of confidence having beaten Real and Barcelona to the La Liga title for the first time in 18 years last weekend, but Real have the local favourite and World Player of the Year Cristiano Ronaldo on their side.
Ronaldo made the grade at Sporting Lisbon before moving onto Manchester United and eventually Real and his every move in Lisbon has caused consternation over the past few days.
Stay with us for all the team news and then all the action as at happens after kick off at 1845 GMT (1945 BST).