Sky reports that Milan and Atlético Madrid have reached an agreement regarding the exchange of loans between Torres and Cerci.

Confirmed by Milan Channel too.

Finally, a proper right winger for the team! 4-2-3-1 is complete if this deal happen
---------------------------Menez----------------------------------

SES92/Bonaventura-----------Honda--------------Cerci

---------------Montolivo--------De Jong/Bonovantura-----------

DeSciglio-------Mexes/Alex--------Rami/Zapata----------Abate

-----------------------Diego Lopez/ Abbiati --------------------

Yes, it is 18-month loan deal swap  between two players.
Signing a player from rival Inter without spending money? Galliani is jack of all trade.