Torres has endured a miserable spell at Chelsea and if he is replaced in the summer by the Londoners then he could return home.
“Atletico love Fernando and Fernando loves Atletico,” the Sunday Express quoted an Atletico source as saying.
“He might have to take a wage cut to make it happen, but it would be a match made in heaven if it does.”
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.