It is now an exception when top players retire and do not move to coaching either with professional sides or with football academies. Fernando Torres has towed this path as well.

Being an accomplished forward, from his Atletico Madrid days where he became the skipper at such a relatively young age. Then he switched to the Premier League, where he starred for Liverpool and Chelsea. He had a stint in other players as well but is now focused on coaching.
Torres has eaned his PRO coaching license with the Spanish Football Federation. Others who completed the course are Miguel Torres, Ariel Ibagaza, Gorka Iraizoz, Lauren-Bisan Etame and ex-Real Madrid man Alvaro Arbeloa.
The newly minted coaches trained for five months, learning about tactics, developments in the game, ethics, discipline, coaching players etc. They were pleased to be able to network with other ex players, befriend new people and talk about the game.
It is unknown if Torres will return to Atletico Madrid to join the coaching crew or any other side in the La Liga. He started quite early and was quite consistent in his career. A lot of young Spaniards would be eager to learn from him.
A lot of former players have completed their coaching courses, had internship and have gone on to do excellently. Zinedine Zidane just won his second La Liga title after three straight Champions League titles. Frank Lampard, Ole Gunnar Solksjaer and Mikel Arteta are other examples doing well at their former clubs.