Atletico Madrid president Enrique Cerezo says Liverpool have not tabled a bid for striker Fernando Torres.

Champions League finalists Liverpool have been closely linked with the 23-year-old Spain international.

'We've had no offer from Liverpool for Torres,' said Cerezo. 'He's on his holiday and resting.

'I repeat that there has been nothing about Torres from any team. We're now working to create a good team for the coming year,' added Cerezo.

Madrid is insisting about a fee of £27M, double Liverpool's record payout for Djibril Cisse.