Meireles is now threatening to replace Torres as the Reds' new pin up.
But he told The Sun: "I would prefer to have Torres in my squad than play against him but I respect what's happened.
"He is a worldwide star who helped me integrate at this club, which shows what sort of person he is.
"But football is a professional business, Fernando no longer leads our attack and we respect the situation. The manager insists he is the past and we must forget him. I believe that's right.
"Suarez is a big striker who has shown his quality with Ajax and Uruguay.
"He scored on his debut and this is important.
"We are all helping him to adapt and I am optimistic Luis will be a big star in the Premier League.
"Andy Carroll is young but plays with pride, force and physical power.
"He's also English so it's easier for him to take on the new systems devised by the coach.
"As for me, I suffered here to begin with but never thought I made an error in signing.
"I intend to improve on my performances. You've not seen the best of Meireles yet."