Spanish sources state that all three Premier League clubs are studying the viability of a move for the Spain international this summer, drawn by a strong end-of-season form and the leverage that comes with a contract expiring in 2027.
Torres, currently on international duty with Spain ahead of the World Cup, has been one of Barcelona's more reliable attacking performers across the second half of the season. His end-of-campaign form gave the club pause about allowing him to leave but has simultaneously attracted external attention.
Barcelona director of football Deco is operating under the 1:1 financial lever this summer, meaning every euro generated in sales can be reinvested directly into new signings. Torres represents a sellable asset at a time when Barcelona need to manage their wage structure carefully.
A sale this summer would produce a transfer fee; allowing him to run to 2027 and then leave on a free would produce nothing.
No formal offers have been made and Torres's own preference has not been publicly declared. Barcelona's position is that they would prefer to extend, but discussions have not progressed materially.
With the World Cup beginning this week, decisions on both sides are unlikely before late July.