Chelsea manager Jose Mourinho made it very clear that Atletico Madrid can re-sign Filipe Luis, but the La Liga giants have to meet Chelsea’s valuation.

“If they want him back they have to pay, they have to pay and then we have to react and go to the market to keep our balance,” he said in an interview. 

It seems like a deal has been struck between Chelsea and Atletico over the transfer of Luis. According to Gianluca Di Marzio, one of the most reliable journalists around, Filipe Luis will return to Atletico Madrid, and the deal is as good as done.

“Filipe Luis back in rojiblanco, deal closed with Chelsea 3 million loan with an option to renew it for another year. Nothing then Italy, the Brazilian winger with Italian origins and passport back at the Calderon on Wednesday there will be official as medical scheduled for Thursday.” Source: Gianluca Di Marzio 

If Atleti keeps him for 2 years, CFC will have effectively paid £15.8m for 1 year of Luis (£15.8m fee – £4.2m loan fee + £4.2m 14/15 wages).

— Jake Cohen (@JakeFCohen) July 20, 2015

In raw numbers, Filipe Luis will have cost Chelsea ~£16,750 per minute played in the Premier League. Pricey.

— Jake Cohen (@JakeFCohen) July 20, 2015

The deal seem absurd to me really. Chelsea paid around €22m for Luis only a year ago, and the club have been maintaining throughout the summer, that they would only sell the Brazilian permanently, only and only if the transfer fee is met, which is quoted around €16m. 

A €3m loan deal does not make enough sense, especially taking into account it could be a potential two-year-loan deal. Basically it would mean Luis seeing the reminder of his contract at Atletico and he would leave Chelsea for nothing!