Wenger, speaking ahead of the clash at Thursday's pre-match conference said, via Sky Sports:
You sometimes have regrets when players who played for you score goals or do well somewhere else. But he was never our player, it is a situation that didn't come off and that is it.
When asked if Arsenal might revisit the deal again, Wenger responded "At the moment no, no."
But despite Arsenal turning their attentions to other targets, Liverpool boss Brendan Rodgers will have to try his best to ensure Suarez doesn't end up at Real Madrid. According to Paul Joyce in the Express, Madrid courted Suarez last summer before breaking the world transfer record by signing Gareth Bale for £86 million.
The pair are one of the hottest strikeforces in Europe and manager Brendan Rodgers will be hoping they can cement Liverpool's Champions League aspirations with a finish in the top four at the end of the season.
But Rodgers knows even if they get into the top four this year, Suarez again will be the subject of interest from Europe. Bayern Munich reportedly showed interest last April, per James Dickenson in the Express.
Suarez was subject of an Arsenal bid in the summer, believed to have been the now infamous £40.1 million bid, reports Goal.com's Wayne Veysey but Wenger's latest statement will come as good news.
Suarez signed a new contract in December said to be a massive £200,000-a-week plus bonuses. But the contract also included a clause which allowed "non-English clubs" to meet a release clause of between £60-70 million.
This could start a bidding war amongst Europe's biggest teams with the favourite being Real Madrid, writes Danny Griffiths of the Metro.
Every big player's aspiration is to play in the big matches with the best players around the world and Liverpool will need to finish in the top four to get Suarez to stay. According to Veysey, the striker's agreement with the club includes another clause which could see him leave if Liverpool should again fail to qualify for the Champions League.
The Merseysiders have not finished in the top four since the 2008-09 season under then-manager Rafa Benitez. The club are crying out for Champions League football again and under Rodgers have been seeking to rebuild the club's stature as one of Europe's best.
The Liverpool boss needs to make sure the Reds not only finish in the Champions League places but show Suarez he is willing to strengthen the squad.
If this season's performances are anything to go by, then it would be fair to say the club are rebuilding under Rodgers and are set to move forward in the right way. However, a disappointing transfer window meant Rodgers couldn't supplement his squad with more quality, with the team now running the risk of finishing out of the top four again should their form dip.
The club were left slightly embarrassed after they failed in a bid to sign Dnipro Dnipropetrovsk winger Yevhen Konoplyanka.
The Reds thought they had a deal all set after three days of negotiations in Eastern Europe, reported Chris Bascombe in the Telegraph, before Dnipro Dnipropetrovsk president Ihor Kolomoyskyi decided to scupper the deal and pulled the plug.
A repeat of this in the summer may set Suarez on his way if the Reds fail to sign their targets.
The manager had said in January he was happy to "wait if the right deals can't be done" until the summer, reported James Pearce of the Liverpool Echo. But that approach may have damaged the team in the long-run if they lose out on the top four.
If this happens, Suarez could find himself looking for another club that can guarantee him Champions League football; a club like Real Madrid.