Suarez stated that he wants to stick with the Belgian club and help them finish the 2011-12 campaign in dazzling fashion.
There were whispers of a transfer to the Gunners over the summer, however rumours failed to gain any real momentum and a move failed to materialize.
That being said, the North London side have maintained interest in the striker and intend to sign him as backup to club captain Robin van Persie.
The Dutchman has done a fantastic job of shouldering the goalscoring burden at the Emirates Stadium but can only keep his form going for so long and understandably needs better offensive cover than Marouane Chamakh and Park Chu Young.
Suarez has made 127 appearances for Anderlecht side this season and scored 37 goals during his four season at the club.
The 23 year-old has scored eleven of those goals this season, already matching his tally for the whole of the 2010-2011 campaign.
The 2011 Belgian Player of the Year is an impressive prospect, seeming to improve season after season and could provide adequate reinforcements for Arsene Wenger’s side at an asking price of around £9m.
Suarez stated this month that he wouldn’t abandon Anderlecht in their search for a 31st Jupiler League title, but that won’t stop Arsenal from submitting a bid for the Argentine, and tempting the club into cashing in on their star.