Filipe Luis Player Profile
The defender has failed to establish himself as a first-team regular after completing a £16million move from Diego Simeone's side last summer.
Jose Mourinho prefers to deploy Cesar Azpilicueta at left-back, with Branislav Ivanovic occupying the opposite flank, and Luis has been restricted to just six Premier League starts.
And the Telegraph claims that Atletico are ready to end Luis' Stamford Bridge nightmare by offering him a path back to the Vicente Calderon.
It was reported last month that the Brazil international had been making noises about his lack of action, something which Chelsea were quick to deny.
Mourinho has already moved on a number of players who failed to adhere to his philosophy since returning to London, and it is added that the Special One won't stand in the way if Luis decides to call time on his English stint.