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Higuain is out of favour at Real Madrid and while there has been no official contact between the two clubs, Chelsea are monitoring the situation.
Torres, who signed for the west London club in a 50m deal in January, could be sold when the transfer window re-opens next month.
On the way out? Chelsea flop Torres could be sold in January
Paris Saint-Germain and River Plate are also considering a move for the 24-year-old striker.
‘He would be interested in what people have to say to him.’
A source is quoted in the Daily Star as saying: ‘Higuain is unhappy at being left out all of the time. He wants to fight for the title but was on the bench against Barcelona at the weekend when Real lost 3-1 and he knows where his place is now.
Chelsea are preparing a 30million bid to land Real Madrid striker Gonzalo Higuain.
All white on the night: Chelsea are monitoring Real Madrid striker Gonzalo Higuain
The future of Fernando Torres also remains unclear.
Manager Andre Villas-Boas is short of options in attack after selling Nicolas Anelka earlier this month, while Ivory Coast international Dider Drogba will leave to play in the African Cup of Nations in January.
BySportsmail Reporter Updated: 02:12 EST, 15 December 2011
The 150,000-a-week striker has scored just three Barclays Premier League goals since his move to Stamford Bridge and Chelsea are prepared to listen to offers.