Kop scout Manuel Junco has been in Sarajevo to talk to the striker's people, say sources in Dzeko's native Bosnia.
Chelsea and Manchester City are poised to make massive bids to sign Torres - and Liverpool could spend some of the £50million they receive on one of European football's hottest properties.
Dzeko was the Bundesliga's top scorer last season with 26 goals.
But new Wolfsburg boss Steve McClaren will play hard ball over the 24-year-old.
Sources suggest that they want Liverpool to give them Ryan Babel and Lucas Leiva plus cash for a player they value at about £30m.
Liverpool risk losing out in the race to sign Dzeko because of the uncertainty over the future of manager Rafael Benitez and their American owners.
But their preliminary moves suggest they are already preparing seriously for the possibility of losing Torres.
this is bullshit!