Fabregas missed the run-in to Arsenal's season and Torres has also been on the sidelines for Liverpool.
Del Bosque has included five goalkeepers in the list, with uncapped duo Victor Valdes of Barcelona and Atletico Madrid youngster David De Gea joining Iker Casillas, Jose Reina and Diego Lopez.
Aside from the players who have featured regularly for the European champions in recent times, Del Bosque has also named Barca winger Pedro Rodriguez, Osasuna defender Cesar Azpilicueta and Athletic Bilbao midfielder Javi Martinez in the list.
However, there is no place for the likes of Bojan Krkic or Albert Riera.
Goalkeepers: Iker Casillas (Real Madrid), David De Gea (Atletico Madrid), Diego Lopez (Villarreal), Jose Reina (Liverpool) Victor Valdes (Barcelona).
Defenders: Raul Albiol (Real Madrid), Alvaro Arbeloa (Real Madrid) Cesar Azpilicueta (Osasuna), Joan Capdevila (Villarreal), Carlos Marchena (Valencia), Gerard Pique (Barcelona), Carles Puyol (Barcelona), Sergio Ramos (Real Madrid).
Midfielders: Xabi Alonso (Real Madrid), Sergi Busquets (Barcelona), Cesc Fabregas (Arsenal), Andres Iniesta (Barcelona), Javi Martinez (Athletic Bilbao) Marcos Senna (Villarreal), David Silva (Valencia), Xavi (Barcelona).
Forwards: Santi Cazorla (Villarreal), Jesus Navas (Sevilla), Juan Manuel Mata (Valencia) Pedro Rodriguez (Barcelona), Dani Guiza (Fenerbache) Fernando Llorente (Athletic Bilbao), Alvaro Negredo (Sevilla), Fernando Torres (Liverpool FC) and David Villa (Valencia).
*Please note that squad lists only become official after they have been submitted to and announced by FIFA.