Suarez wanted a move to Real Madrid in the summer, but instead the Spanish side signed Gareth bale.
The Daily Mail reports that Liverpool expect Real Madrid to return with a bid for Suarez in January and are ready to demand £55million for the striker.
Suarez is reportedly still keen on a move to Madrid.
Arsenal had a bid for Suarez rejected this summer and may decide to join the battle for the striker in January should Real Madrid make a bid.