Newcastle manager Rafa Benitez coached Torres during his time at Atletico Madrid and also during his brief stint as Chelsea manager.
Benitez, who is aware of Torres’s desire to return to England may move him in January.
However, Benitez may have to compete with Southampton as they are also interested in a short-term deal with the striker.
The 33-year-old who has only started twice for Atletico this season would like to spend the next season with his boyhood club before his contract expires.
He wants to play regular first-team football from January until the campaign ends and it is unlikely to happen at Atleti since Diego Costa will soon be eligible for selection.
The player’ representatives have also shown his desire to be on loan in January so that both Benitez and Mauricio Pellegrino can consider him for selection.