Boss recalls that Ian Rush went to Juventus and returned the following year
The Reds first announced that they had rejected a bid from the Blues that was thought to be in the region of £35 million, with the Spaniard issuing a transfer request to try and force a move.
That request was been turned down, with the west London club reported to be coming back with a mammoth £50m bid to land the forward. Initial reports pointed towards Daniel Sturridge being offered as a make-weight to push the potential deal through, but Goal.com exclusively revealed that the Merseysiders asked for Nicolas Anelka to be included in the deal instead of the young forward.
"With regards to Fernando, it's the same as what the club statement was two or three days ago," Dalglish told reporters this morning. "We will stick to that and we won't be adding to that.
"Our supporters deserve to be told. But I think our supporters deserve to be told definitive news rather than speculative stuff."
The gaffer also stressed that no player is bigger than the club, as he said: "Movement is part and parcel of football. I wouldn't be here if there were no transfers. I started off at Celtic. There are many people who've started off at clubs and moved on. And certainly if Kevin [Keegan] hadn't gone I wouldn't have come here.
"Throughout the history of football people have moved on. But the most important thing that we all must remember is that this football club is much more important and bigger than anybody."
Dalglish also hinted that Torres may not enjoy his time at Chelsea if the potential move reaches fruition, alluding to the experience of Ian Rush, who made a move away from Merseyside in 1987, only to return to Anfield the following year.
"'Rushie' went in 1987-88 and there was a train of thought after that that we had the greatest ever Liverpool team and one of the most attractive to watch.
"Rushie enjoyed Italy that much he came back a year later!"
He added: "There are players who have gone but there are an awful lot of players who've come in and been fantastic for this football club.
"The most important people at Liverpool football club are the people who want to be here."
Switching attention from the potential exit of the Spanish striker to the arrival or Uruguay international Luis Suarez, Dalglish said: "We have to make sure that Luis Suarez, who is a fantastic footballer, is given due credit for coming in and the owners are given due credit for putting their hand in their pocket. Don't let that be lost with everything else that has gone on.
"He's someone who's been on our radar for a while and someone who can only add to this club. I am sure he's someone who can excite many, many supporters.
"The owners have been absolutely fantastic in their support during the transfer window. Our reassurance for the supporters out there is that they are really determined to get the club moving forward and I think a great indication of that is the signing of Luis Suarez."
The club have already confirmed that left-back Paul Konchesky has moved to Nottingham Forest on loan, and the 59-year-old manager also confirmed that another defender, Daniel Ayala, will make a temporary switch to Derby County.
"Daniel Ayala will be going to Derby on loan, which will be fantastic for him - a great experience and he will get him some games as well after his recent injury," said Dalglish, who also maintained that there could be some incomings before the 23:00 transfer window deadline.
"There is as good a chance of us getting someone else in as there is someone going out. The owners have been fantastically supportive," he added.
"There is money available if we want to bring someone else in. The money is there. Their support has been unbelievable.
"It's not a PR exercise either, it's a real determination from them to step forward and move Liverpool Football Club forwards and upwards.
"We're going to look after ourselves first and foremost. Is that not the same in any business? If someone's going to go you've got to have a replacement."