The Spain international has agreed to a loan switch to the Spanish champions after signing for AC Milan on a permanent deal from Chelsea, with Alessio Cerci bound for San Siro in exchange.
Cerezo claims talks for the former Atleti striker began after head coach Simeone asked for a deal to be brokered – something he says is rare for the Argentine to do.
"Simeone almost never asks us for anything, but he asked for Torres," Cerezo told Radio Cope. "It wasn't easy to get him but, with work and persistence, we managed.
"Milan pay Torres' salary and we pay Cerci's. But when we approached Torres we weren't speaking about money, we were talking from the heart. He is delighted, as are all the fans."
Torres has struggled in recent seasons to approach anything like the form which saw him become one of Europe's most feared strikers at Atleti and Liverpool, but Cerezo is confident his return will be a success.
"He wants to show he is in a good condition. He was and will continue to be a great player. He will give very important support to the team," he added.
"It will be some sight to see Torres play here again."
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