Fernando Torres is the most Overpaid player for his bad performance. But there are many overpaid players even if they are good such as Cristiano Ronaldo. I don't think that footballers should be that expensive to play football because there are many many players the media doesn't show who are willing to burn themselves playing and prove themselves for way less wage. $131.6 million for Ronaldo was really too much. I know he is a great player but it's still insane! :) so as for Torres and other players.
Check out the video guys.
http://bleacherreport.com/articles/1531366-what-soccers-most-overpaid-stars-should-spend-their-money-on
David Bentley - Tottenham Hotspurs
Fernando Torres - Chelsea
Samuel Eto'o - Anzhi Makachkala
Sebastian Squilacci - Arsenal
Kaka - Real Madrid
Carlos Tevez - Manchester City