City have moved quickly to find a replacement for Leroy Sane after the Germany international moved to Bayern Munich in a deal worth an initial €49m (£45m/$58m) earlier in the summer.
Guardiola is expected to follow up the signing of Torres with the addition of Bournemouth defender Nathan Ake in the coming days in a deal worth £40m ($52m), with a potential further £1m in add-ons.
Torres becomes City’s first major signing of the summer following deals for Juventus forward Pablo Moreno , Brazilian full-back Yan Couto from Coritiba and Burkina Faso defender Issa Kabore from Mechelen .
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