Liverpool co-owner Tom Hicks has warned Chelsea even a world-record transfer fee would not tempt him to cash in on star striker Fernando Torres.

Torres, 24, is reported to be a transfer target for new Chelsea boss Luiz Felipe Scolari and it was claimed at the weekend that the Champions League finalists were preparing a £40million bid.

"There is no price at which we would consider selling Fernando Torres," Hicks told the Liverpool Echo.

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