According to Tom Hopkinson and Dean Jones of the Mirror, the Uruguayan international remains uncertain about a potential move to Arsenal, primarily because he isn't sold on their prospects of playing Champions League football.
Hopkinson and Jones report that Suarez, who was only outscored by Robin van Persie last season, remains set on leaving Liverpool because he doesn't think they will join the Premier League elite next season, but he isn't convinced Arsenal have done enough to reach the top four again this season.
After finishing fourth on the EPL table, the Gunners will be involved in a playoff match to reach the Champions League. With the match taking place just three days before the transfer window closes, there's a real possibility Suarez could sign with Arsenal then be eliminated from the Champions League before the season even really gets started.
Fellow Uruguayan national and friend of Suarez, Edinson Cavani shed some light on Suarez's thought process this summer, telling the Mirror:
We have been speaking a lot and, while I can’t tell you everything, I can tell you that he is desperate to start playing Champions League football.
Liverpool already know that, though, because he has told them.
I think if he thought Liverpool would qualify for Champions League football next season he would stay but, with the other top teams in England adding players, he doesn’t think Liverpool have the resources to break into the Champions League spots.
Suarez has a point, Liverpool haven't shown that they have the resources to compete with the most elite clubs in the league, but Arsenal haven't done much to show that they can do so either.
Despite plenty of rumors surrounding the club this summer, Arsene Wenger has yet to make any big signings that would indicate it can improve next season.
Of course, Suarez himself would change that, but as Cavani told the Mirror, Suarez "doesn’t want to leave on bad terms because he respects the club and fans, but he needs to achieve his dreams in the game."
That gives credence to the thought that he may remain in Liverpool unless a club with an even stronger squad comes along. For Liverpool fans hoping to hold on to their biggest star, that would be the best news of the summer.