Torres has been on a two-year loan to Milan from Chelsea, but he will sever ties with the Stamford Bridge club in order to rejoin Atletico in January.
A Chelsea statement said: "The striker moved to the San Siro on a two-year loan deal in August and on January 5 he will complete a permanent transfer to the Serie A side."
Fernando Torres is to join AC Milan on a permanent basis:
The 30-year-old has scored just once in 10 games for the Serie A giants, and there is no suggestion he will remain at the San Siro.
Atletico’s assistant coach German Burgos said the 30-year-old was set to return to the Vicente Calderon.
"It (the Torres deal) is on the verge of completion and we are waiting for things to firm up," Burgos was quoted as saying in Spanish media.
"He will be a very important reinforcement for the second half of the season.
"We will get the best out of him, the same as everyone, and he knows where he is coming to."
Source: yahoo news
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