Having signed Llorente from Real Madrid only last summer, Atletico are now eager to offload the Spain U21 international.
Seville media sources say Real Betis are now in talks with Atletico about a loan deal to the end of the season for Llorente.
Howver, Atletico are demanding an obligatory permanent option be included to the tune of €30m. Negotiations will continue next week.
Llorente has struggled to find a place in Atletico coach Diego Simeone's first team plans this term.