Arsenal Transfer News: £40 Million Luis Suarez Bid Rejected By Liverpool

BBC. Earlier today, we reported that Gunner's manager Arsene Wenger was preparing a fresh bid for the unsettled Uruguayan ace after having a £30 million offer knocked back on July 8. The latest bid is an unusual one in that it is being reported to have stood at £40,000,001, which was designed to trigger a release clause in the 26-year-old's Anfield contract. However, it was rejected outright by the Merseysiders, who are technically duty-bound by the clause to listen to offers exceeding £40 million. But they do not have to sell and have now twice rejected Arsenal's advances for the ex-Ajax forward. Wenger has identified Suarez as his No.1 transfer target this summer, and believe the player is keen on a move to the Emirates as they can offer Champions League football next season. But Reds boss Brendan Rodgers is determined not to sell, and is also bracing himself for a bid from Real Madrid €“ though the Spanish giants only value the South American at £25 million. Suarez joined Liverpool's pre-season tour of Australia at the weekend after being given extended time off following his exertions in the Confederations Cup.