That will put him on a par with Jamie Carragher and Xabi Alonso, but short of Steven Gerrard's £120,000-a-week new contract.
Liverpool are so confident that Torres will now complete his signing when he returns from holiday that they have let Luis Garcia join Atletico for around £4million.
The two deals are not officially linked but Liverpool will now see their agreed fee of £26.5m for Torres cut to £21.5m now Luis Garcia has returned to a club he spent a season with earlier in his career.