Various English newspapers reported on Monday morning that the Gunners had made the audacious move for the Uruguayan forward.
A few days ago William Hill suspended betting on Suarez joining Arsenal after a flurry of bets – although the move still seems rather unlikely.
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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.