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Henry and Abramovich head to head in battle for Torres

John Henry and Roman Abramovich are going head to head on deadline day in a Premier League cold war for Fernando Torres.

The American and the Russian will play a high stakes game of bluff, possibly right up to the 11pm cut-off point tonight.

Attempts by Henry and Kenny Dalglish to convince Torres to stay and link up with incoming Uruguyan World Cup star Luis Suarez look doomed to failure under a cash assault from Abramovich, which could amount to £100 million by the time wages and fees are added.

But Boston-based Henry is determined to extract as much as he can from the Russian billionaire in a bid to finance a three-way deal involving Ashley Young, Charlie Adam and Newcastle striker Andy Carroll.

Dalglish will make a third and final bid for Adam which might clear the way for exiled Irish international Andy Reid to link up with Ian Holloway as Blackpool's playmaker.

By the time the day is over, Liverpool could be at the centre of deals worth well over £125 million.