Arsenal face no choice but to raise their £40,000,001 bid for Luis Suarez after the striker gave up his legal pursuit against the Merseysiders.
Arsene Wenger had previously indicated that he was prepared to wait to discover the outcome of the contract dispute between Suarez and Liverpool, after their club-record bid was supposed to trigger a release clause.
However, according to the Daily Mirror, the striker is ready to concede that the clause in his contract does not entitle him to leave the club and will not approach the Premier League to arbitrate the decision to reject the bid.
It is now up to Arsenal to match Liverpool’s evaluation of the player, believed to be around £55m.
A source close to Liverpool has told the Daily Mirror that after an examination of Suarez’s contract, the club are sure the clause is watertight and there is no obligation to sell the player for any price - there is only a commitment to inform the player if any offer over £40m was submitted.
“We are 100 per cent confident - there is absolutely no obligation to sell and that is very clear,” the source explained.
“We’ve all examined the clause in detail. All it obliges is good faith negotiations about Luis’s future.”
Arsenal are now facing a massive hurdle in their attempt to sign the Uruguayan. With Liverpool determined not to sell to one of their main rivals, Wenger either has to match the evaluation Liverpool have set or hope Suarez hands in a formal transfer request.
Although Suarez is prepared to agitate for a move, he is not prepared to forfeit his loyalty fees by handing in a transfer request.
After Arsenal missed out on Gonzalo Higuain, who moved to Napoli, Wenger can hardly afford to miss out on another main target.