Torres is yet to return from a post-World Cup break but has been the subject of speculation linking both Chelsea and Manchester City with British record transfer fee bids.
And despite Gerrard publicly declaring his desire to remain with his boyhood club for the forthcoming campaign, Real Madrid manager Jose Mourinho is reportedly preparing a £30million offer.
But Carragher believes, after the signing of fellow England international Joe Cole and the arrival of new manager Roy Hodgson, Liverpool's star pair will be around to help them recover from their disappointing seventh-placed finish last season.
"There's been a lot of negativity and it's been like that for a while," said the centre-back. "I'm sure that Steven Gerrard and Fernando Torres will still be involved at the club next season.
"If they are, then the aim for Liverpool must be to get back into the Champions League."
The 32-year-old added in ZOO magazine: "Liverpool aren't a club like Real Madrid, who can just throw £100million at it if we don't win the title.
"For clubs like Real Madrid and Inter Milan, it's a disaster if they don't win the league, so they go out and spend big money on new players.
"Liverpool can't do that - we have to build. Next season, rather than thinking too much about the title, we have to concentrate on getting back into the top four.
"It's a rebuilding process again and hopefully we can get ourselves right up there.''