Quoting reports in Spain, talkSPORT claims the Nou Camp giants are on the cusp of landing the Spaniard after weeks of negotiations.
The interest in Suarez was first reported two weeks ago, with Barca hopeful of sealing the transfer as quickly as possible.
A reason for the hold up is not given, but the report claims a £1m fee has now been agreed between the two clubs.
The 19-year-old Spanish youth team international was heavily recruited back in 2011 while still at Celta Vigo.
The likes of Chelsea and Manchester United were tracking Suarez but Manchester City won the race for the playmaker.
But he's barely featured for the 2011-12 Premier League champions, making just two Carling Cup appearances in the past two seasons.
Manchester City are committed to improving their youth academy, and announced a £200m plan to develop an Etihad Campus adjacent to the stadium that will boast training pitches, facilities and classrooms.