It was claimed that United were to table a £45 million offer for Torres, but the 25-year-old says he has no intention of leaving Merseyside, least of all for a club considered Liverpool's biggest rivals.
Ferguson and Rafael Benitez were involved in a season-long war of words last campaign, and Torres, who has only recently signed a new contract, intends to stay with a manager he claims brings out the best in him.
"I don't know anything about United, just that it has been in the newspapers," he told the Star. "Listen, my team is Liverpool and this is very clear to me.
"This club has it all - the history, the prestige, the organisation. Liverpool Football Club is a phenomenon, with millions of fans who totally identify with everything the club stands for.
"It's a big responsibility to give the fans here the success they desire, but the challenge is always exhilarating and this is why I was delighted to sign a new contract."
With his future seemingly set in stone, Torres said his main focus for the upcoming season is ensuring Liverpool win trophies - and he knows just what they need to do it.
"We need to win the big trophies and we can trust Rafa Benitez to keep the momentum going for us," he continued. "[He] makes the signings and I'm sure those who coming will improve us - if it were me I would bring David Villa but that may not be possible.
"We play well together [for Spain] and link up so well - it's a pleasure to play with him."
Excited about the prospect of beating United to the Premier League title next campaign, Torres, who has scored 50 goals for Liverpool in 84 games, hit back at critics who claim foreign players in Britain are not as motivated to win titles.
"The rivalry with Manchester United is intense and the roof will come off at Anfield if we beat them to next year's title.
"Obviously the Champions League means a lot to Liverpool, but the English title is the one everyone wants in our dressing room.
"They say foreign players don't care as much as the home-grown, but we are very much aware that Liverpool haven't won the Premier League for 19 years and understand the supporters are desperate for us to put that right."