But the 24-year-old acknowledges that Liverpool will need to be at the top of their game if they are to finish ahead of the pack in England.
"I believe we can win the Premier League or the Champions League," Torres told LFC Magazine.
"All the teams have different styles but are equally effective.
"I think the four biggest teams in England are now the best in Europe.
"We have a good chance of doing well but it won't be easy to finish above any of the other three sides."