The Gunners made a bid of £40,000,001 in a bid to trigger a clause in the player’s contract forcing the club to inform Suarez of their offer.
Liverpool are remaining firm in their stance, whilst Suarez and his camp hope for the chance to discuss terms with Arsenal.
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.