Liverpool have rejected a STG35 million ($AU56.5m) bid from English Premier League rivals Chelsea for striker Fernando Torres.
The defending champions are keen to bolster their strikeforce after slipping from top spot to fourth to sit 10 points behind leaders Manchester United.
Despite Liverpool languishing in seventh place, American owner John Henry is not prepared to let the team's top player leave Anfield.
Liverpool told AP that "Chelsea have made an offer for Fernando, which has been rejected. The player is not for sale."
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