Uruguay attacker is currently away on holiday in his homeland.
Unsettled Liverpool front man Luis Suarez has been told by the Reds that he has three weeks in which to sort out his future either way, reports the Daily Mirror.
The mercurial Uruguay international has been the subject of intense speculation of late linking him with a possible big-money move to Spanish giants Real Madrid when the transfer window reopened at the start of this month.
And with the player himself repeatedly making it clear that he wishes to swap Anfield for the Santiago Bernabeu this summer via a number of public pronouncements while away on international duty with his country in the recent Fifa Confederations Cup in Brazil, it had appeared just a matter of time before his departure was confirmed.
However, as yet the Merseysiders have still to receive any contact whatosever from los Blancos, let alone any official bids, for the attacker who has registered an eye-catching 51 goals and 24 assists in his 96 appearances for the club since arriving from Ajax in Jan 2011.
As a result, Liverpool have now informed the 26-year-old that he has until Monday July 22 to find himself a new club while away on holiday back in his homeland, or else he must return for pre-season training at Melwood.