The Brazil international joined Chelsea in a £15.8million transfer last summer after four seasons at Atletico and is under contract with the Blues outfit for another two seasons.
Filipe Luis made just nine league starts for the Premier League champions this past season and is reportedly keen to return to Spain.
'There are negotiations in place but I don't know how fruitful they will be,' Cerezo said to the Spanish media. 'Filipe Luis is a magnificent player.
'We would be delighted if he comes back and I think that in the end, we will find a solution.'As always, the financial aspect takes precedence over the sentimental aspect but I believe a deal can be reached.'
source: dailymailuk
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