The player’s representative flew to Madrid for talks earlier in the week after Diego Simeone reportedly called the Uruguayan to outline why he wants him at the Wanda Metropolitano.
When the summer began, it looked far more likely that the midfielder would return to Serie A. Linked with AC Milan and Napoli in the past, he was in talks with both Fiorentina and Torino and at one stage.
The latter’s link seemed particularly strong given they are coached by Marco Giampaolo; the man who mentored the Uruguayan during his three-year spell at Sampdoria.
It doesn’t look like Torreira’s move to Madrid is in any way linked to our pursuit of Atletico’s central midfielder Thomas Partey. The Ghanaian has a €50 million buyout clause and his current owners have no intention of budging on that.
Arsenal have until 11pm (BST) on Monday to complete their transfer business with foreign clubs. In addition to Torreira, Sead Kolasinac, Matteo Guendouzi and Sokratis could also depart.