Fernando Torres is closing in on a move to Atletico Madrid, report Spanish daily AS.

Chelsea signed the Spaniard for a whopping £50m fee back in 2011. After three and a half seasons at the London club, the Blues loaned the striker to Italian side AC Milan in the summer, for two years. After scoring a good goal on him Milan debut, Torres, who was once one of the best strikers in football, has failed to register a single goal for the Italian side. Rumors have been doing rounds for about two weeks suggesting that Milan no longer want to keep the former Liverpool player and are ready to cut their deal short and terminate the loan contract.

It seems that these reports are substantial as the Spanish dailies are also running the same and are doing it with some confidence.

The report in AS readsMiguel Ángel Gil Marín has reached an agreement with Chelsea and AC Milan on Christmas Eve to bring their former prodigy back to Vicente Calderón, where he will remain until June 2016.

Chelsea boss Jose Mourinho was asked if the player would be taken back, but the Portuguese insisted there was no space at the club for the current Milan player.

No,” [Mourinho] said, before being asked whether it was true that Milan are seeking to end the deal.

“I don’t know but he’s on loan for two seasons at AC Milan. He’s our player but he’s on loan. We have no space for players in the list. Either in the Champions League or Premier League. That’s an impossible picture.”

“But I have to say, nobody from AC Milan made contact with us thinking about that possibility, so probably nothing is true and, more than possibly, he’s happy at Milan and Milan to have him.”

When Milan CEO Andriano Galliani was asked about the Torres exit rumors, he said that the ‘market is unpredictable.

“Will he leave in January? I don’t think so, but the market is unpredictable,” Galliani told Sky Sport Italia.

”We need to have patience. The lad was unlucky and needs to settle into our football. He’s very important and he’ll certainly return to being player he once was.”

There were links with former club Liverpool as well, the club where Torres undoubtedly enjoyed his best years and even though these suggestions are unbelievable, when Brendan Rodgers was asked about links with Torres and Cech- two Chelsea owned players- the Northern Irishman refused to rule anything out.

If there is a possibility that we can strengthen in January, we will look at that,” Rodgers added.

“There will always be speculation, but I won’t comment on any players.”

It seems that El Nino is all set to move back to Atletico Madrid and will team up with Diego Simeone once again, his former teammate at the club. Simeone knows Torres’s capabilities and has repeatedly spoken highly about him. Moving back to his boyhood club in the environment of trust and love would perhaps bring the 30 year old close to his former self.