Torres: Liverpool must spend

Fernando Torres believes that Liverpool must spend more money on new signings if they are to succeed with the likes of Chelsea and Man Utd. Liverpool have only signed Udinese defender Andrea Dossena so far this summer.

"It's clear that they (United and Chelsea) have a lot of £20million or £25m players, and that difference is what separates us in the table," Torres told the Liverpool Echo.

"I hope that the club does what needs to be done and we can quickly catch them up.

"In order to compete with Manchester United and Chelsea, if we can't keep up with them economically, then we have to get it absolutely right in the transfer market."