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Torres made a return to his boyhood club in 2015 on loan from AC Milan and signed a permanent contract with Atletico last season. However, it was rumoured that the Spanish striker could leave the capital for a big money move to Mexican league.
But the 33-year-old poured cold water on all the speculation and decided to remain in the Spain. He agreed to sign up a new contract with the Madrid based side for another year and turned down moves to Mexican league's Cruz Azul and Queretaro.
Now speaking in an interview on pre-season the striker confirmed the news and suggested he is now hoping to end his distinguished career where he started his football career.
Torres told reporters: "This is where I feel genuinely happy.
“I am at home. I came back to Atletico after eight years and this is where I feel genuinely happy.
“My desire is to play for Atletico and retire here while also winning trophies and helping the club to continue to be one of the best in Europe.
“That is the only option I have in my head at the moment."
He also heaped praise on his manager Diego Simeone insisting he will be obliged to him to remind the club of the values as they are now ready to write their own history.
He added: “Simeone has reinforced the belief that has always been what this club is about.
“I came to Atletico when I was 10 years old and the club taught me about that.
“There are always periods in the history of a club when things are difficult and you can lose that identity a little but with El Cholo we have recovered all of our values: sacrifice, humility, fighting spirit… and if we all pull in the same direction we can continue to compete with the big and powerful clubs.
"The big clubs have written their history in years gone by and everyone else now has the opportunity to write new histories in their own way and that is the path that Atletico is on right now."