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Liverpool and Chelsea target Ferran Torres signs new Valencia deal until 2021 as La Liga outfit include hefty £88million release clause in contract

Valencia have penned down Ferran Torres until June 2021 to fend off interest from both Liverpool and Chelsea.

In even worse news for the Premier League sides, Valencia have included a staggering £88million release clause in his contract.

The highly-talented Spaniard signed the new long-term deal with the La Liga outfit on Tuesday ahead of their clash with Espanyol on the weekend.

Ferran Torres has signed a new long-term contract with Valencia until the summer of 2021
Ferran Torres has signed a new long-term contract with Valencia until the summer of 2021
Valencia winger Torres had attracted interest from English sides Liverpool and Chelsea
Valencia winger Torres had attracted interest from English sides Liverpool and Chelsea

Liverpool had been monitoring the progress of Valencia winger Torres, while Chelsea also showed interest.