There had been suggestions that Suarez would use Premier League arbitration to resolve the dispute after Arsenal bid £40,000,001 for the player.
The Daily Mirror report that after Suarez accepted the situation, Arsenal will have to stump up close to £50 million to land the Uruguayan.
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?