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Kenny Huang's bid for Liverpool is only one of "several" offers for the club, according to their chairman, Martin Broughton.

Huang has yet to enter formal due diligence, but talks are sufficiently advanced with other bidders for there to be the prospect of a takeover at Anfield before the closure of the transfer window on 31 August. That could have an effect on the future of the striker Fernando Torres, who returned to training at Melwood today. "It still remains the objective to conclude a deal before the end of the transfer window," Broughton told the Guardian. "That remains the objective but there are no deadlines, and we will continue working to complete the process."

The apparent existence of multiple bidders means that the club's US co-owners, George Gillett and Tom Hicks, could end up making a significant profit from their controversial three-year tenure at Anfield. However, the pair will not have the final say in who may take over.

"There could be a possible realisation of an equity consideration," Broughton said. "But both George Gillett and Tom Hicks remain on the board and they have given commitments that the board of Kop Holdings [Liverpool's UK parent] is the party that is responsible for the sale."

Gillett and Hicks are believed to have placed an US$800m (£504m) valuation on Liverpool, but sources close to the talks insist they will have to accept a much-reduced sum once any deal is concluded.