Henry admits they had Andy Carroll lined up before they were prepared to sell Torres to the Blues.
"The fee for Torres was dependent on what Newcastle asked for Carroll," Henry told The Guardian, explaining they simply wanted a difference of £15million.
"The negotiation for us was simply the difference in prices paid by Chelsea and to Newcastle. Those prices could have been £35million [from Chelsea for Torres] and £20million [to Newcastle for Carroll], 40 and 25 or 50 and 35. It was ultimately up to Newcastle how much this was all going to cost. They [Newcastle] made a hell of a deal. We felt the same way."