The Reds are prepared to wait for just seven days for the Gunners to make their move.
Liverpool have set Arsenal a one week deadline to meet the Merseyside club’s £50m valuation of forward Luis Suarez or face missing out on the player, according to the Daily Express.
The two clubs have been at loggerheads over a deal for the Uruguayan for some time, with the Reds rejecting an offer from the north London side earlier this month.
There is currently some confusion over the buy-out clause in Suarez’s contract, with it being believed the Gunners only have to offer over £40m for the striker to enter talks.
However, this does not mean it is a release clause, as Liverpool can still reject the transfer and it seems that is exactly what manager Brendan Rodgers will do unless opposite number Arsene Wenger agrees to pay a whopping £50m.
The only hope Wenger has now – as it’s unlikely the Frenchman will sanction such a large deal – is that the player himself hands in a transfer request and forces Liverpool’s hand.
The Emirates Stadium is still Suarez’s second choice as well, with the South American preferring a move to Real Madrid; although as yet the Spanish giants have shown no indication they plan to replace Napoli-bound Gonzalo Higuain with the 26-year-old.
This leaves the striker’s only option as Arsenal, although it would be a step-up for the attacker as the north London club have Champions League football next year – the main reason Suarez is engineering a move.
Whatever happens, the Gunners now have just a week to decide how they want to go forward in the pursuit of the Uruguay international.