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Fernando Torres: Liverpool can’t afford quality.

The Spain striker, on whom Liverpool have relied heavily since he moved from Atletico Madrid in 2007, conceded Liverpool need new players and insisted that replacing manager Rafael Benitez would not solve their current predicament.

Torres, speaking in Zurich after being named part of FIFA’s world XI, said: “Obviously we need players.

“If we can bring quality players it should be really positive for us, but I think the situation is really difficult because I think we don’t have money to bring in the best players.”

The Reds are eighth in the Premier League, their American owners are under pressure to cut their £240 million debt, and they are out of the Champions League.

They are also facing a £20m cut in income if they fail to qualify for the Champions League next season - and they are eight points away from fourth-placed Aston Villa.

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Arshavin bullet downs Liverpool.

Andrei Arshavin netted the winner as Arsenal came from a goal down to beat Liverpool 2-1 in an entertaining Premier League encounter at Anfield.

Fernando Torres returned from injury for the hosts, who took a deserved lead on 41 minutes through Dirk Kuyt’s stabbed effort from close range.

But an eight-minute spell after the break saw the game turned on its head as an own-goal by Glen Johnson was swiftly followed by a sensational strike from Arshavin.

Victory sent the Gunners back into third place, three points behind Manchester United in second, but with a game in hand on the champions.

Liverpool’s sixth league defeat of the season sees them stay in seventh, level on points with Birmingham City.