Torres, who is currently on World Cup duty with Spain, hopes he will get the chance to go head-to-head with his club colleague in South Africa this summer as he believes Gerrard deserves to be strutting his stuff on the biggest stage.
He added: "He is the best captain I have ever played under. As long as we don't meet earlier, I see it being an England versus Spain final.
"They have fantastic players all over the pitch. I have been telling the Spanish lads all about them.
"I see Gerrard and Rooney on the same level as Messi, Xavi, Kaka, Ronaldo and the other top players.
"It would be a dream to play England in the final and an England-Spain final would be a showcase of the two best nations in world football."