Los Blancos are set to dominate a second successive summer transfer window with a whopping bid for the Uruguayan striker, who was recently named the PFA Player of the Year, per BBC Sport.
It seems Madrid will aim to take advantage of a release clause in Suarez's contract, with one club source suggesting the European giants will easily get their man, per the Sun and reported via Chris Richards of the Mirror.
"Florentino Perez will just come and 'swoosh,'" said the source. "He will prize [sic] Suarez away. He is their No 1 target. He ticks all the boxes and is easily the world's best player behind Cristiano Ronaldo and Lionel Messi."
The Sun's back-page headline was tweeted by Nick Sutton of BBC Radio 4:
Suarez was heavily linked with a move away from Anfield last summer. He pleaded with the club to "honour" its agreement and let him leave in search of Champions League football before the start of the season, as reported by BBC Sport. Now that Liverpool are guaranteed a stint in next season's elite competition, Suarez may be willing to stay.
There is, of course, the Madrid factor if a bid comes in. Perez rarely misses out on his targets—as highlighted by last year's capture of Gareth Bale—and has the funds to easily pursue someone of Suarez's calibre. The South American is a known admirer of the Bernabeu club and may find the lure of La Liga too strong like so many before him.
Edinson Cavani, Suarez's international teammate, previously revealed Real Madrid are the "dream" club for his prolific colleague. Speaking after Suarez was linked with a £40 million-plus-£1 move to Arsenal, Cavani suggested the Spanish capital may emit a strong reaction from Suarez, as reported by James Andrew of the Daily Mail:
I am sure Liverpool fans are very happy Luis stayed - he will be a big player for them. I think Arsenal was not Luis's dream move, maybe if it had been Real Madrid then it would have been a different outcome - but of course Madrid were concentrating on a different target this summer.
It is his dream club - and a club he thinks is worth waiting for.
Should Liverpool cash in on Luis Suarez this summer?
Brendan Rodgers certainly faces a tough decision if a hefty bid comes in. Dismissing potential contract clauses for one moment, a better time to sell Suarez is unlikely to present itself. Having scored 30 goals in 31 Premier League appearances this season, his value is at a bursting point. He is also heading toward 28 years old, suggesting his squirmy, pace-based dribbling game is likely to slow down across the next few seasons.
Perhaps most importantly, Suarez's image is at an all-time high in England. He hasn't been in trouble this season—aside from a couple of dives—and has worked hard to improve his stature among fans and neutrals. Considering he was previously convicted of racially abusing Patrice Evra and biting Branislav Ivanovic, this is quite a turnaround.
Of course, keeping Suarez also has its benefits. He is undoubtedly ready to lead Liverpool's assault on the Champions League and is the type of match-winner who ensures Rodgers' team will always have a chance against the best.
Rodgers previously suggested he will be looking for a potential world-record fee in the region of £100 million for Suarez, saying he is comparable with "the Ronaldos, the Messis," according to Derek Allsop of the Mirror.
Madrid's interest seems to linger as we head toward the transfer window opening. Perez will need to offer funds that could significantly strengthen Liverpool's team if Suarez is to leave. Rodgers is smart enough to play hardball before landing a sum that would allow him to invest in players who could define the club's success.
Suarez may have achieved just that over the past season, but with his stock at an all-time high, it wouldn't be unthinkable to see the Reds cash in.