The European champions have been long 
linked with the prolific Columbian hitman and were thought to be lining 
up a £45m bid this January. However, the Star claims that Athletico Madrid would prefer a player swap deal involving Spanish striker Fernando Torres.
Torres scored 91 goals in 243 appearances for the La Liga outfit during a six year stint in Spain before leaving for Liverpool
 in 2007. After another successful spell at Anfield where he scored 81 
goals in 142 games, Torres made a £50m move to Stamford Bridge in 2011.
However, the 28-year-old has failed to 
settle in London and has struggled to replicate his past form leading to
 question marks over his futre.
Madrid realise they are going to 
struggle to hang on to goal-scoring machine Falcao and have been looking
 at potential replacements, with Manchester United
 striker Javier Hernandez linked. But as Chelsea prepare to make their 
interest in Falcao official, Athletico have set their sights on former 
star Torres and would demand the Spaniard as part of a player-plus-cash 
deal.
Manchester City
 and Paris Saint Germain are both monitoring Falcao’s situation but the 
Blues would be in pole position if they were to offer a ready-made 
replacement in Torres.
It would be interesting to see how much 
Madrid would expect as well as Torres if a deal was discussed  No doubt 
his stock has fallen dramatically since the Blues forked out £50m for 
him nearly two years ago, and with Falcao rated at almost the same 
price, it looks like Abramovich is going to have to sign 
another sizable cheque if he is to land one of the world’s deadliest 
strikers this January.
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