The Gunners are desperate to splash the cash on a world-class striker and Suarez fits the bill.
But they will have to raise their offer if they are to have any chance of bringing him to north London.
Enquiry: Arsenal have made an approach for Liverpool's Suarez, with the Uruguayan's future uncertain
Arsenal have raised a few eyebrows after making an ambitious enquiry for Suarez.Manager Arsene Wenger has been rebuffed in a similar enquiry for Manchester United’s Wayne Rooney and has a bid on the table for Real Madrid striker Gonzalo Higuain.
Bookmakers stopped taking bets on a Suarez moving to Arsenal last week after a flood of activity.
Targets: There is an offer on the table for Higuain (left), while a move for Rooney (right) looks unlikely
He has been quoted widely in Uruguayan and Spanish media about his need to leave England and Real Madrid are still considered the most likely to make a bid.
Chelsea were linked with a move last week in Spanish media but they are pursuing other targets.
Interested: Suarez was linked with a move to Chelsea last week in the Spanish press
Higuain has started pre-season training at Madrid and the club have demanded £27m for the Argentine from Arsenal so they can pay Real Sociedad for Asier Illaremendi.
Meanwhile, Liverpool are understood to be keen on Verona’s Brazilian midfielder Jorginho, 21, who has attracted bids from AC Milan.
Chelsea are showing interest in Liverpool defensive target Tiago Ilori from Sporting Lisbon. Liverpool have been struggling to agree a fee for the 20-year-old.
Wanted: Liverpool have struggled to reach an agreement for Llori (left), with Chelsea also showing interest
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