Thanks for your consultation at DoctorSpring.com.
Although it is difficult to make out from a picture alone, but it does appear to be that way. It is a known effect of testosterone therapy, as it gets converted to the female hormone, estrogen in the body.
What was the indication for which it has been started?
If not for a solid indication, I recommend discontinuation in guidance with your Doctor.
Hope this helps
Please feel free to ask followup questions.
Col (Dr) J Muthukrishnan, SM
Senior Adviser (Med & Endocrinology)