This is according to The Sun, who claim Wenger will have big money to spend on a top-class striker this summer - and has made former Liverpool star Suarez his number one choice.
The report adds that the departure of Barcelona sporting director Andoni Zubizarreta earlier this month may also increase Arsenal’s chances of landing the Uruguay international.
Wenger to make fresh move for Suarez
Suarez was brought to the Camp Nou last summer by Zubizarreta, while the club’s presidential elections - which have been moved forward to the end of this season - will bring a new regime to Barcelona.
This isn’t the first time Wenger has set his sights on signing Suarez. Back in 2013 the French boss gave the green light for the Gunners to submit a £40 million plus an additional £1 bid for the South American, believing such an offer would allow Arsenal to open talks with the player due to a clause in his contract.
However, Liverpool refused Suarez permission to speak with Arsenal, despite the striker admitting he was happy to join the Gunners in order to play Champions League football.
Suarez struggling at Barcelona
Suarez ended up staying with Liverpool - and even signed a long-term contract extension with the Merseyside outfit - but joined Barcelona after helping the Reds secure a top-four finish at the end of last season.
During the 2013-14 campaign, Suarez was the Premier League’s best player - scoring a magnificent 31 goals in 33 appearances - and deservedly picked up the PFA Players’ Player of the Year award.
The 28-year-old has struggled to hit the same heights since his £75 million move to Barcelona, scoring a disappointing five goals in 16 appearances for the Catalan giants.
It is taking the Uruguayan, who missed the opening two months of the season following a lengthy ban for biting Italian defender Giorgio Chiellini at the World Cup finals in Brazil, time to adjust to playing second-fiddle to Barcelona icon Lionel Messi.
But at Arsenal, Suarez would once again become the club’s main man. However, as The Sun point out, Barcelona would need to swallow their pride in order to let Suarez leave the Camp Nou so soon after signing him with an astronomical fee.