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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The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.
Five English clubs will compete in the last sixteen of the Champions League for the first time ever as Liverpool, Manchester United, Manchester City, Chelsea and Tottenham face some difficult away matches.