Latest: Alessio Cerci-Fernando Torres swap deal.

 For the past few weeks, there have been ongoing talks about a potential Cerci for Torres swap deal between Atletico Madrid and A.C. Milan. On Christmas Eve, talks began to heat up as Milan and Atletico Madrid reportedly agreed to the deal that would send Italian attacker Alessio Cerci to Milan and Fernando Torres back to his very first club, Atletico Madrid. 

According to Gianluca Di Marzio, the deal would be an 18 month loan for both players. Each club paying the wage load for their current player. Milan would have to pay the wages for Torres while Madrid would do the same for Cerci, however, there have been talks about Torres possibly restructuring his wage pay to make the deal easier but this is a mere rumor in the deal.

Also according to Di Marzio, Atletico Madrid are exploring options to find a team for Mexican striker Raul Jimenez which is important in making this deal happen for financial reasons. Regardless of what happens with Cerci, the Madrid party desires a reunion with their former number 9, "El Niño. "

It appears that Milan and Atletico Madrid have agreed to the deal as well as Fernando Torres. The "yes" from Cerci is all that needs to be made to finalize this deal but it appears that Cerci can either accept a loan deal to Milan or he will stay at the Spanish club, ruling out a potential move to Inter Milan.

The deal has not been finalized just yet so stay tuned on Twitter to the reliable sources for more news on this potential deal as well as others throughout the entire January transfer window. We will continue to update this blog post to bring you the latest news on the deal.

Source: Gianluca Di Marzio's Twitter account, @DiMarzio. gianlucadimarzio.com

UPDATE(as of 12/27/14)

According to Sky and Milan Channel, Alessio Cerci has agreed to the 18 month loan move to Milan. Cerci's "yes" was the final step in completing the Cerci-Torres swap deal between Milan and Atletico Madrid. Here are some of the details on the entire move, according to Milanello (@Milanello).

-Milan have announced that they have signed Torres in a permanent deal from Chelsea
-Cerci is expected to arrive in Dubai tomorrow (Dec. 28th). He could get his unofficial Milan debut against Real Madrid on Tuesday
-Cerci is expected to sign the contract with Milan later tonight or tomorrow. He's on his way to Madrid now (Sky)
-Cerci will most likely undergo the medical tests on January 2nd at Milanello and at the Madonnina clinic

Fernando Torres has made a permanent move to Milan, which will then see him loaned out for 18 months. The former £50mil man will return back to his boyhood club where he stamped his name into world football as an elite striker. He ends his Milan tenure with just 1 goal in 10 Serie A matches. On January 5th, 2015, Torres will make the permanent move to Milan before being loaned to Atletico Madrid.

Cerci is expected to finalize his move to Milan next week and could have his Milan Serie A debut against Sassuolo on the 6th of January.

More details should continue to follow regarding the disbursement of wages of each player and how they will be paid.