Torres: Lack of funds could prove costly
Rafael Benitez spent more than £35 million this summer on full-back Glen Johnson and central midfielder Alberto Aquilani, but lost the services of defender Alvaro Arbeloa and midfielder Xabi Alonso to Real Madrid.
And with nearby rivals Manchester City having splashed more than £100 million on Joleon Lescott, Kolo Toure, Gareth Barry, Carlos Tevez, Roque Santa Cruz and Emmanuel Adebayor, Spanish international Torres says the Merseysiders' lack of signings means they will have to improve significantly from last season if they are to land their first league crown since 1990.
"I think we are close to getting a trophy but it's very difficult," he told the Liverpool Echo.
"In football at the moment, unfortunately money is really important.
"Clubs like Manchester United, Chelsea and Manchester City have a lot of money to spend on good players.
"That's not the way at Liverpool so we have to try to improve.
"If we are going to get the opportunity to win a trophy we have to do things better than ever. We are ready for the challenge."