The move comes only days after the Anfield side rejected a £40million offer for the Spain international and despite Liverpool's hierarchy making it clear that they would not welcome any further approaches for the Kop favourite.
Despite Liverpool's stance, The Sun has quoted a Stamford Bridge insider as saying that neither Liverpool's reluctance to sell Torres, nor the hefty asking price, will deter Blues boss Roman Abramovich from landing his man.
"It's true Liverpool have knocked back the first bid of £40m but it's highly unlikely that will be the end to it," the source said.
"Let's see what happens when an offer of £50million lands on (Liverpool managing director) Christian Purslow's desk."
New Liverpool boss Roy Hodgson has already held talks with Torres in a bid to persuade the 26-year-old to stay at Liverpool.
However, with the Reds deep in debt and not playing in the UEFA Champions League this season, a massive bid from Chelsea may yet tip the balance in favour of the London outfit.
Those close to Torres have nevertheless reiterated that the former Atletico Madrid star is in no rush to decide his future and that they are optimistic the World Cup winner will remain on Merseyside.
"The club were quick to reject Chelsea's £40m bid and tell them Torres is not for sale," one source told the tabloid.
"But the worry is it still won't be the end of it and that Chelsea will be back.
"Fernando could kill the deal stone dead by coming right out and committing himself to the club.
"Hopefully he'll do that sooner rather than later."
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