The former Valencia boss has been stalling over a new deal in recent weeks, with newspaper reports claiming Benitez was demanding full control over transfers in and out of the club, and a greater influence in the running of Liverpool's Academy.
And the Reds' boss was also believed to be growing frustrated with the delay in signing a new contract, which would see him remain in charge until summer 2013.
But talisman Torres, speaking exclusively to FourFourTwo magazine, is confident his fellow countryman will be staying put on Merseyside for the forseeable future.
"Negotiations always take time and there’s a lot to sort out but I’m sure he’ll end up renewing his contract," he said. "Sooner or later they’ll come to an agreement. Rafa wants the best for him and for the club, so I’m not worried."
And the former Atletico Madrid front-man, who will be aiming to fire Liverpool past his former arch rivals Real Madrid in the Champions League next month, believes that letting Benitez - who he considers a father figure - go would be a big mistake.
"He’s been like a father to me and I hope and trust that he continues," he said. "He’s been very important for me: he gave me confidence and taught me so much. He’s one of the coaches you learn the most from.
"He’s given a lot to the club and brought in some great players. Some of us wouldn’t be here if it wasn’t for him. If you ask the other players, they’d tell you the same thing. Letting Rafa go would be a mistake and a great pity."
Read an exclusive feature-length interview with Fernando Torres in the March issue of FourFourTwo magazine, in shops Wednesday March 4.
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Boy's A Bit Special Danny Guthrie
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