Redknapp rates the Reds pair the key to Liverpool's top four hopes this season.
He said: "I just think Gerrard is incredible and Torres is one of the best centre-forwards in the world.
"Not too many teams have got two world-class players. I'm talking about the very, very best players. If you look at Arsenal, how many world-class players? Cesc Fabregas, maybe Robin Van Persie when he is fit.
"I think we have Modric, though it's difficult for me to say because they are my players. We have got some terrific players. Gerrard and Torres would probably fit in your team if you were picking your world team."