Liverpool are prepared to sell Luis Suarez to Arsenal this summer. The Mirror says Liverpool poised for Suarez transfer talks with Arsenal.. if Gunners offer £40m for striker

And the Gunners are set to increase their bid for the controversial striker after having a £30m offer flatly rejected last week.

The Reds' position remains that they do not want to sell the unsettled Uruguayan - who has also attracted interest from Chelsea and been linked with Real Madrid, Napoli and Bayern Munich - despite his claims that he is keen to go.

However, as with their then-star striker Fernando Torres in 2011, Liverpool know every player has his price.

They may be prepared to sit down with the Gunners for negotiations if the Londoners put £40m on the table.