Arsenal triggered the clause with a £40million plus one pound bid, but Liverpool rejected the offer and only believe they have to notify Suarez if a bid of that magnitude is made.
However the Uruguayan is convinced he should be allowed to talk to Arsenal, and has apparently not ruled out the possibility of using legal means to try and force through a move.
Tottenham Hotspur have also been linked with the player this week, although with a windfall of over £80million perhaps on the way to White Hart Lane for Gareth Bale, they will be connected with plenty of players they have no real intention of buying over the next few weeks,
After a mixed first season in Spain, there was speculation Modric could be allowed to leave at the right price due to Madrid signing Isco and Asier Illarramendi, but Carlo Ancelotti has said that the former Spurs midfielder will be staying.
With one month left to go in the transfer window, Arsenal fans might be beginning to get a little nervous at the lack of activity at their club.
Despite indications that the Gunners are now able to compete financially with the biggest sides in Europe, Arsenal have yet to make a major signing, and have missed out on Gonzalo Higuain.
However Arsene Wenger has suggested that the club are still working on deals, although the value of the players his current squad should not be underplayed.
“We are still working on improving our squad, but we have a basis of young players who are getting a chance here, who started in the Premier League,” Wenger said in an online Q&A with Arsenal fans.
“Wojciech Szczesny, Carl Jenkinson, Alex Oxlade-Chamberlain, Jack Wilshere, Aaron Ramsey, Theo Walcott.
“They are all players who started in the Premier League with us. No-one else has done that.”