Roberto Pereyra scored a 91st minute goal and 11th-place Watford completed a 4-1 route of Chelsea, their second straight three-goal loss.
After Barcelona's 1-1 draw at Espanyol, Atletico have a chance to make up ground. However, defeating one of La Liga's most surprising and potent offenses will not be easy.
Premier League clubs spent 150 million pounds on Wednesday, breaking the 2011 record for money spent on the deadline day for January transfers.
Real Madrid have been knocked out the Copa del Rey. They sit 19 points adrift from Barcelona for La Liga. But they can still salvage a top three slot. Perhaps they can even win a 13th Champions league title, but only if they switch managers. Marcelino is the man to take the team back to glory.
Russell Westbrook made a layup with 3.3 seconds left and the Oklahoma City Thunder won their fifth straight, defeating the Brooklyn Nets 109-108. The win lifts the Thunder to fifth in the West, just 2.5 games out of hosting a playoff series.
Chris Paul scored 33 points and James Harden hit a clutch three with 1:10 on the clock. The Houston Rockets defeated the Golden State Warriors for the second time this season, with a convincing 114-108 scoreline. The win was part of a stretch in which Houston has now won six of seven, closing the gap to Golden State.
After a disappointing 1-2 loss to Sevilla at home, Atletico need a win in the Ramón Sánchez Pizjuán.