Dust off your "it's happening!" GIFs and memes! Fernando Torres might actually be on the move? Nah. Fernando Torres might actually be on the move! Shrug. Silly season starts in a week.
Cerci to Milan and Torres to Atletico Madrid : agreement between the clubs to exchange loans of 18 months. [...] The negotiation progresses, we need to refine the agreements with [both] players... The formula of the loan is the same with which Torres joined Milan from Chelsea.
...for now there is an understanding between the two clubs and the rest of the details will be defined just after Christmas.
-source: Gianluca Di Marzio
I'm not sure what Di Marzio's recent track record is, but it's a testament to the recognizability and marketability of Fernando Torres's name that a purported loan switch of two misfiring -- to put it kindly -- strikers continues to make front page news. The 18-month loan checks out as far as Torres' contract situation goes, and it would appear that as long as Chelsea signs off on it, Milan would escape unscathed and without any further commitments to the player.
That being said, just yesterday, Atlético president Enrique Cerezo claimed that there's "nothing" to the Torres rumors, while leaving the door open for not nothing in the future.
"There's nothing to the Torres rumoures, but that's not to say that there won't be. We have a great team and have all of the positions well covered but until the final hour of the transfer window, we could bring in a signing."
-Enrique Cerezo; source: Inside Spanish Football
Is the future here already? Where's my jetpack, Enrique?!