The Blues have long been linked with a move for the former Atletico Madrid star.
“I always said that Torres is not our aim for the future because we have trust in a lot of young players,” said Ancelotti.
“We also have fantastic strikers in Didier Drogba, Nicolas Anelka and Salomon Kalou. We also have fantastic young players like Daniel Sturridge and Gael Kakuta.
“So, in this moment, we don’t really need to have a striker, a fantastic striker, like Fernando Torres.
“We can be competitive in all competitions with this squad. The most important thing is to avoid injury, when possible.
“We have to maintain the squad with all the players fit. This is the most difficult thing to do, but we’re trying and working hard to do this, to control the recovery of the players.
“I want to be sure that the players who will be involved in the game tomorrow will be fresh. If everyone stays fit we won’t need anyone else. I think we have a fantastic squad.”