Atletico Madrid coach Diego Simeone admits he is considering his future after his side’s UEFA Champions League loss to Real Madrid.

Simeone’s men were beaten by their city rivals in the European decider for the second time in three years, suffering a 5-3 penalty shootout loss in Milan.

The Argentinian has been linked with numerous clubs, while publicly expressing his desire to one day coach Serie A outfit Inter Milan.

Speaking after Atletico’s loss, which came after a 1-1 draw through extra-time, Simeone said he would take time to think about his future.

“It’s a moment for me to think about things,” he said.

Simeone added: “I’m thinking about thinking, nothing more than that.

“I answer what I feel. It’s logical after a defeat like today.

“I am proud of my players, who have made an extraordinary effort in a tough Champions League.”

Simeone also described Atletico’s defeat as a ‘failure’.

Cristiano Ronaldo scored the decisive penalty as Madrid secured an 11th Champions League crown.

Simeone was upset in the aftermath, saying: “Nobody remembers the ones who finish second.

“To lose two finals is a failure. We must now go home and tend to our wounds.”

Simeone added: “I don’t know which defeat hurts the most. What really hurts me is to see the hurt of the people who’ve paid to come here.

“I feel a bit responsible that I wasn’t able to give them what they wanted. That’s what really hurts. It puts a lot of years on you.”

Sergio Ramos’s opener was cancelled out by Yannick Carrasco, after Antoine Griezmann struck the crossbar with a penalty for Atletico early in the second half.

Juanfran crucially also hit the woodwork in the shootout and that miss proved even more costly for Atletico.

“Firstly, congratulations to Real Madrid – once again they were superior to us, this time at penalties,” Simeone said.

“We started the game badly, then we got ourselves organised from the 20th minute. In the second half we could have equalised very quickly but our intention was clear.”