  We present the discovery of an object in the Pleiades open cluster, named
Teide 2, with optical and infrared photometry which place it on the cluster
sequence slightly below the expected substellar mass limit. We have obtained
low- and high-resolution spectra that allow us to determine its spectral type
(M6), radial velocity and rotational broadening; and to detect H$_\alpha$ in
emission and Li I 670.8 nm in absorption. All the observed properties strongly
support the membership of Teide 2 into the Pleiades. This object has an
important role in defining the reappearance of lithium below the substellar
limit in the Pleiades. The age of the Pleiades very low-mass members based on
their luminosities and absence or presence of lithium is constrained to be in
the range 100--120 Myr.
