Liverpool reject £50 million bid for striker

Liverpool have confirmed today that they rejected a £50 million bid for their Spanish striker Fernando Torres on transfer deadline day. The former Atletico Madrid man was subject of a massive bid from the world's newest richest club, Manchester City.

Torres, 24, has been linked with Chelsea also in recent months with rumours claiming that Roman Abramovich was also willing to bid £50 million for the Euro 2008 winner.