Atletico Madrid have reached an agreement to sign Fernando Torres in the January transfer window from Chelsea, with Liverpool set to miss out on his signature.
It has been widely reported that the Spanish international was set to return to Stamford Bridge in the winter window, having had an unsuccessful loan spell with AC Milan in the first half of the season.
Brendan Rodgers was thought to be interested in bringing him back to Anfield, where he so successfully played prior to his costly £50 million move to Chelsea a few years ago, one which saw him lose form and confidence in front of goal.
It now seems, however, that a move to Atletico Madrid has been agreed, according to Italian football expert Gianluca Di Marzio.
Reports suggested that negotiations were underway, but it now seems as though an 18 month loan deal has been struck between Atleti and Chelsea for Torres.
Atletico Madrid have opened up negotiations with AC Milan over the possible return of Fernando Torres to the Spanish capital in the January transfer window.
The Chelsea misfit has struggled since joining Milan on loan in the summer, being granted very few opportunities to impress while playing at the San Siro.
Torres has failed to hit the heights of his time at Liverpool since moving to Stamford Bridge, with his £50 million deal proving one of the more costly mistakes of the Roman Abramovich era.
Any deal that went through would be reliant on Allesio Cerci moving to Milan, according to AS.com.
Chelsea are unlikely to stand in the way of any switch in loan destination, having been perfectly happy to see Torres join Milan for two seasons.
Torres’ homecoming to Atletico comes after Diego Simeone asked his club’s board for another striker.
A move back to the Spanish champions would see him join the club where he began his career.
Chelsea are prepared to use Stamford Bridge flop Fernando Torres in any deal to sign Malcom Silva in an attempt to beat Barcelona to the talented Brazilian.
Torres has struggled with Chelsea since his stunning £50 million transfer to them, and has spent the first half of the season on loan at AC Milan.
However, he has made very few appearances for the Italian club, and looks set to return to Chelsea when the transfer window reopens on January 1.
Chelsea are interested in signing Malcom, who has apparently been valued at £20 million by Corinthians in order to deter any potential suitors from the 17 year old.
They have decided that they are likely to lose Malcom to one of his many suitors in January, however, and Brazilian outlet R7 are reporting that they are looking to have Torres in place as his replacement.
A deal would have to be confirmed before the start of the Copa Libertadores, which begins in February 2015.
Torres will not be involved at all if he returns to Chelsea and stays there, according to Jose Mourinho.