Radamel Falcao
Falcao won his second straight Europa League as he scored a brace to help Atletico Madrid beat Athletic Bilbao in the final

According to the Daily Mail, Chelsea are planning a cash/player deal for Europa League champions Atletico Madrid's Colombian striker Radamel Falcao. The report suggests the deal could see Spanish striker Fernando Torres return to his old club. The understanding is that Atletico have slapped a £50mn price tag on the 26 year old and Chelsea are willing to offer Torres and another £15mn to complete deal. The Spaniards, however, seem to favour a straight cash deal.

The Blues have been keeping tabs on Falcao ever since he moved to the Spanish capital, where he has been in superb form with 35 goals in all competitions in his debut season in La Liga. Falcao was also top scorer in the Europa League, netting 12 times. The London club were put on alert about the striker's availability a few days ago, when the player's father - Radamel Garcia - hinted there were chances his son could leave the club in the summer.

"He is very happy at Atletico and he is delighted with the support he has received from the fans and with the way Spanish people feel football. He has four years left on his contract and he is happy where he is, but unfortunately his future is in the hands of the board," Goal.com quoted Garcia as saying. It is believed Falcao himself is keen on a switch to England and speculation suggests a number of his fans and supporters feel he should be playing for a bigger club.

There were rumours, meanwhile, in February, about Torres returning the Vicente Calderon, with the club understood to be keen on re-signing their academy product who has failed to impress since making a record £50mn move to Chelsea from Liverpool.

Finally, Chelsea boss Roberto Di Matteo is planning to start both Torres and strike partner Didier Drogba on Saturday, for the Champions League final against Bayern Munich. The Italian admitted using the duo in the last quarter of Sundays' league game against Blackburn was a trail run ahead of the showpiece event at the Allianz Arena.

"I tried a few things to just have a look and see how it could work out. It's always difficult because obviously it's going to be a different opposition, but I've been trying to figure out a few things," The Sun quoted Di Matteo as saying.