It will be the fifth edition in a row that the two heavyweights have met head to head at a European Championship.
AC Milan have agreed a two-year loan deal with Chelsea for Fernando Torres but the Spain striker has yet to agree terms, the Italian club said in a statement on Friday.
Atletico Madrid got in the mood for Tuesday's Champions League quarter-final with Barcelona by thrashing Real Betis 5-1 on Saturday, their biggest win of the season. A classy finish from Fernando Torres and a fortuitous strike from Atletico's top scorer Antoine Griezmann gave the home side a 2-0 lead at halftime. Substitute Angel Correa then made a big impression in the second period, laying on the third goal for Juanfran and the fourth by Griezmann before Thomas Partey rounded off the scoring for the home team. Ruben Castro netted for Betis in the 79th minute when he pounced on a rare error from Atletico goalkeeper Jan Oblak.
Spanish striker Fernando Torres is likely to stay in the English Premier League next season but not necessarily with Liverpool, his agent was quoted as saying on Monday. The 26-year-old, currently at the World Cup with semi-finalists Spain, has been linked to big-spending champions Chelsea and Manchester City in the past as well as Spanish champions Barcelona.
Spain coach Vicente Del Bosque is facing calls to replace striker Fernando Torres with Fernando Llorente for Saturday's quarter-final with Paraguay.
Rafael Benitez sees Fernando Torres as the key to Liverpool's chances of beating Chelsea in the Champions League semi-final.
Chelsea striker Fernando Torres will be out for three weeks after suffering a knee injury in the 4-0 Champions League Group E victory over Steaua Bucharest in Romania, the club said on Wednesday.
Atletico Madrid striker Fernando Torres is poised to complete a record-breaking move to Liverpool.
A fitter Atletico Madrid will face off against Spanish neighbours Real Madrid in their second UEFA Champions League final in three years.
Striker Fernando Torres has been released from hospital, his club Atletico Madrid said on Friday, after sustaining a head injury during Thursday's 1-1 draw at Deportivo La Coruna.
Fernando Torres capitalised on a defensive blunder to score a last-minute winner and secure Chelsea a 2-1 Premier League victory over Manchester City at Stamford Bridge.
Chelsea striker Fernando Torres is set to face a four-match ban for a 'gouging' attack on Tottenham's Jan Vertonghen in a 1-1 draw between the two teams on Saturday.
Real Madrid laid down a marker in this season's Champions League by inflicting a 6-1 thrashing on Schalke 04 in a one-sided last-16 first leg while Galatasaray and Chelsea drew 1-1 on Wednesday.
Chelsea, playing with a swagger missing for much of the season, routed Aston Villa 8-0 on Sunday.
Premier League-based trio Diego Costa, Juan Mata and Santi Cazorla were among a high-profile list of absentees when Spain coach Vicente Del Bosque named his provisional 25-man squad for Euro 2016 on Tuesday. Costa injured his hamstring against Liverpool in Chelsea's penultimate game of the season. Atletico Madrid striker Fernando Torres was also absent from the squad despite his improved form towards the end of the season, as were Arsenal midfielder Cazorla and Valencia forward Paco Alcacer, Spain's top scorer in their qualifying campaign.
Chelsea manager Jose Mourinho was content with a 1-1 draw at an emotional Galatasaray stadium in his team's Champions League last-16 first-leg match on Wednesday.
As football fever grips fans across the globe, Portuguese soccer star Christiano Ronaldo has emerged as the most searched player on Google in India, with Brazil topping the list among most searched countries.
Chelsea striker Fernando Torres will not be fit to join the Spain squad next week after injuring his knee during the Champions League win over Steaua Bucharest, manager Jose Mourinho has said.
Winning trophies with his boyhood club and rediscovering his scoring touch is what Fernando Torres really craves after returning home to Atletico Madrid.
Fernando Torres's head injury shocked his Atletico Madrid team mates as the striker had to be carried off on a stretcher towards the end of Thursday's 1-1 draw at Deportivo La Coruna.
Goals from David Villa, Fernando Torres and Juan Mata gave deposed champions Spain a comfortable consolation win over Australia in Curitiba.
Chelsea led a trio of English clubs into the Europa League quarter-finals on Thursday after Tottenham Hotspur survived a thrilling Inter Milan fightback to advance on away goals and Newcastle United got a late winner.
The France striker was fouled by Leicester's Marc Albrighton on the edge of the box and referee Jonas Eriksson deemed the action to have continued into the penalty area.
Bikash Mohapatra takes a look at the five best winter transfers in 2014.
Chelsea are in the last chance saloon as far as a trophy goes and Fernando Torres, complete with his 'Mask of Zorro', must continue his recent improvement in swashbuckling style in Thursday's Europa League semi-finals.
Chelsea, galvanised by the second-half introduction of Fernando Torres, capped a successful week by coming from behind to beat Sunderland 2-1 to leapfrog Tottenham Hotspur into third place in the Premier League on Sunday.
Barcelona captain Andres Iniesta lifted a ninth Liga title after his side beat Real Sociedad 1-0 on Sunday in an emotional final game for the midfielder at the Nou Camp while Fernando Torres scored twice in his final game for Atletico Madrid.
The blushes of Chelsea's misfiring striker Fernando Torres have been spared after a local council ordered the removal of an advertising hoarding that mocked his performances for the European champions.
Spain's 3-0 reverse to Brazil in the Confederations Cup final was a mere "blip" and they will be back in Brazil next year confidently chasing a second straight World Cup triumph, according to forward Fernando Torres.
Spain won by a landslide as expected but tiny Tahiti emerged with their reputations enhanced and their dignity intact despite their 10-0 loss to the world and European champions in the Confederations Cup on Thursday.
Chelsea striker Fernando Torres has expressed his desperation to finally prove himself at Stamford Bridge under new boss Jose Mourinho, and hopes to persuade him that he is still the man to fire the Blues to glory.
Chelsea manager Jose Mourinho paid tribute to Fernando Torres after the Spain striker made one goal and scored a late winner to earn a 2-1 victory over Premier League title rivals Manchester City on Sunday.
European champions Chelsea have been given the blessing of Newcastle United manager Alan Pardew to sign Senegal striker Demba Ba after his release clause was triggered on Wednesday.
Fernando Torres scored twice as third-placed Chelsea won 3-1 at Sunderland to record their first English Premier League victory under interim manager Rafael Benitez.
Misfiring Chelsea striker Fernando Torres needs two weeks of intensive sprint training and Britain's former Olympic champion Darren Campbell believes he can help the Spaniard regain his explosive pace.
Premier League referee Mark Clattenburg could find himself in hot water after Chelsea lodged an official complaint about him using 'inappropriate language' to two of their players in a tumultuous 3-2 defeat by Manchester United on Sunday.
Premier League leaders Chelsea beat London rivals Arsenal 2-1 with goals from Spaniards Fernando Torres and Juan Mata on Saturday to maintain their unbeaten start to the season while handing Arsenal their first defeat.
Jose Mourinho's first task on his return as Chelsea manager is to get to know the players he has inherited and give them all a fair chance to succeed under him, the Portuguese said on Monday.
Chelsea fans turned on Fernando Torres for the first time during the Capital One (League) Cup semi-final first leg defeat by Swansea City and the vultures are starting to circle above the misfiring Spain striker's head.
David Villa is an important member of the Barcelona squad, his club and international team mate Andres Iniesta said on Thursday amid speculation the Spain striker could move in the January transfer window.