Spanish champions Atletico Madrid are locked in a transfer battle with Monaco for Chelsea striker Fernando Torres, according the the Daily Mail.
Atletico have made a fresh approach to take Torres back to his boyhood club where he made a real name for himself before moving to Liverpool.
Monaco are now serious contenders to land the Spaniard's signature as they look to replace James Rodriguez, who has joined Real Madrid, and Radamel Falcao, who could soon go the same way.
Atletico chief executive Miguel Angel Gil, who sold striker Diego Costa to Chelsea earlier this summer, has held talks with the Blues about a cut-price deal to bring Torres 'home' seven years after he left for Liverpool in a £26 million deal.
Atletico have been said to only wanting to pay £15 million max for Torres but Chelsea would want around £20 million and Atletico have been told they must raise their price and match his contract, with Torres in no rush to leave Stamford Bridge.
Atletico will not give up on Torres after missing out on Manchester City's Alvaro Negredo, while their attempts to get Romelu Lukaku on a season-long loan have also failed so far.
But they will face serious competition from mega-rich Monaco where money will not be such an issue, especially having made £63 million from the sale of Colombian star Rodriguez.
Selling Torres would probably prompt Chelsea to enter the transfer market again, with a one year deal on the table for Stamford Bridge icon Didier Drogba to return to his old stomping ground.
A sale would at least offset some of the cost of the huge deal which has never fully worked. But Atletico are cash rich after selling striker Diego Costa and left back Felipe Luis to Chelsea.