With the Reds out of the Champions League and struggling to secure a top-four Premier League finish, there was speculation Torres could demand a move.
But the Spanish striker told his personal website: "My place is at Liverpool, and in England. I've still got three years to run on my contract."
However, the 26-year-old added: "The most important thing is for the club is to try and sign quality players."
Liverpool, one of the favourites to challenge for the Premier League title at the start of the season, have disappointed their fans this season.
Having crashed out of the Champions League, FA Cup and Carling Cup, their only hope of silverware lies in the Europa League, while they have plenty of work to do if they are to pip the likes of Tottenham, Manchester City and Aston Villa to the coveted fourth spot and Champions League qualification.
Torres, though, remains confident the club can salvage their season, saying: "I still think that we will finish fourth, but qualifying for the Champions League isn't the most important thing on my mind."
However, looking ahead to next season, the Spaniard is keen for the club to spend money and improve the squad.
"The most important thing is for the club is to try and sign quality players, footballers who improve the quality of current squad," he reflected.
"Next season we want to be challenging for the Premier League title, and the Champions League or Europa League, but for that to happen we need some new signings."
As for the Europa League, Torres has warned his side against getting too far ahead of themselves in thinking they can win the competition.
"First we have to beat Benfica (in the quarter-final), a team with plenty of tradition," he said.
"It's going to be a very tough tie as they have a great team, with great players - players who are well known in Spain like Saviola, Aimar, Di Maria, Cardozo or Javi Garcia.
"They are also a side who play good football and they have knocked-out Hertha Berl?and Olympique Marseille."
Source: BBC Sport
Source: BBC Sport