Chelsea striker Fernando Torres is available on a free transfer following failed AC Milan loan spell

Chelsea are reportedly set to offer striker Fernando Torres on a free transfer to any interested club in the Premier League or any other leagues.

According to the Mirror, AC Milan, who currently employ the striker are set to cancel the two-year spell and send him back to Stamford Bridge in January and Jose Mourinho is trying to find the striker a new club.

The Blues are not interested in keeping him on their books as they already have three strikers they brought in during the summer transfer window in Diego Costa, Loic Remy and Didier Drogba.

Torres, moved to the San Siro during the summer on a two-year loan deal, at the end of which he would have been a free agent, but the Spanish international has struggled to get back into form and has scored just once for the Serie A club in 10 appearances.

The Italian club is now mulling over immediately cancelling his loan spell as they feel they are not getting their money's worth since they are also paying his £3.1m-a-year salary. This has left Chelsea no choice but to offer him to interested clubs.

The west London outfit are set to take a massive hit after buying him for a British record £50m during the January 2011 transfer window.

Torres will now have to look for a club to continue his injury blighted career. The striker was one of the top marksmen in the world during his time at Liverpool; he also scored the winning goal in the final of Spain's successful Euro 2008 campaign.

But the striker was a shadow of himself following his move to the west London club and struggled to match the heights he reached at the Merseyside club. He managed only four goals for Chelsea last season, and was promptly shipped off by the manager for his two-year loan spell, which now seems to be coming to an abrupt end.