Spanish striker Fernando Torres will return to Spain after a loan agreement was reached between Atlético Madrid and Torres' current team, the Italian club AC Milan, the Spanish club announced on Monday.
Torres will play for Atlético on an 18-month loan, covering the remainder of this season as well as all of next season. The loan will be official on Jan. 5, and will be subject to a medical examination.
Milan confirmed that the deal was in place following the arrival of Italian winger Alessio Cerci, formerly of the Spanish club.
Torres debuted for Atlético in 2001 as a 17-year-old, starting out in the second division. He rose to the club's first team, where he would spend six seasons, appearing in 244 matches and scoring 91 goals.
He left Madrid for Liverpool in 2007, where he earned 81 goals in 142 appearances. Four years later, the Spaniard moved from Liverpool to Chelsea for what was at the time a British transfer record of £50 million.
In his time with Chelsea, Torres scored 20 goals in 110 league matches, but helped the club win the Champions League, Europa League and FA Cup.
Torres joined Milan on a two-year loan agreement in August; Chelsea announced this past weekend that the striker would join the Italian side permanently, but did not reveal a price for the deal.
Torres, 30, has appeared in 436 club matches since 2001, scoring 170 goals. He has also been member of Spain's national team since 2003, making 110 appearances and scoring 38 goals. He won the World Cup with Spain in 2010.