Spain, who won by a margin of 4-0 , chose to start without a striker in the showpiece event in Kiev, with Cesc Fabregas playing in the 'false nine' position.
But Torres scored the champion's third goal to win the award despite finishing level with a host of players, courtesy of having one assist to his name, News.com.au.
Torres only started in one of Spain's five matches at the tournament, against Ireland, when he scored twice.
He was replaced by Fabregas, and later by Alvaro Negredo against Portugal as Spain experimented with their line-up.
Torres end-of-season successes come after a disappointing campaign in the English Premier League. (ANI )