Uruguay attacker had been expected to move to Los Blancos instead.
Bookmakers William Hill have stopped taking bets on Liverpool front man Luis Suarez signing for Premier League rivals Arsenal this summer, according to reports in the Sun.
The controversial Uruguay international has been the subject of much speculation of late linking the player with a big-money move away from Anfield when the transfer window reopened on July 1.
However, it had been expected that the 26-year-old would be joining Spanish giants Real Madrid for next season after Suarez himself declared his wish to move to the Santiago Bernabeu while away on international duty with his country at the recent Fifa Confederations Cup in Brazil.
That, though, may not now be the case after all after William Hill stopped taking bets on Suarez signing for the north London club this summer following a plethora of wagers being placed in Spain on such a scenario taking place.
“It would suggest they have heard something substantial,” said William Hill spokesman Rupert Adams.
Suarez has been at Liverpool since Jan 2011, during which time the mercurial forward has registered an eye-catching 51 goals and 24 assists in just 96 matches in all competitions for Brendan Rodgers’s side.