Catalysts for the polymerization of olefins are disclosed, comprising the product obtainable by contacting: (A) a bridged and/or substituted cyclopentadienyl compound of Ti, Zr or Hf; (B) one or more organometallic aluminium compounds of formula (II): AlR43−zHz wherein the substituents R4, same or different from each other, are linear or branched, saturated or unsaturated C1-C20 alkyl or alkylaryl radicals, optionally containing Si or Ge atoms, wherein at least one of the substituents R4 is different from a straight alkyl group; z is 0 or 1; and (C) water, the molar ratio between the organometallic aluminium compound and water being comprised between 1:1 and 100:1; said catalyst being obtainable by a process comprising the following steps: (i) contacting component (A) with part of component (B) in the absence of component (C); (ii) contacting part of component (B) with component (C) in the absence of component (A) and successively (iii) contacting the products obtained in steps (i) and (ii).