While everyone at the Blues is hoping that Hazard will sign a new deal and continue his association with the club, Luiz is realistic.
He knows that the 28-year-old has an ambition to play at another club. And he likened it to his own move to Paris Saint-Germain a few years ago.
But the Brazilian does hope that Hazard will change his mind, sign a new deal and stay at Chelsea.
"I want him to stay also, of course," said Luiz to reporters.
"He's a great player, I want him to play with the best. I think he has to decide.
"I was trying to feel a different challenge, and everyone here was respecting that, so I just respect Eden also.
"He has to decide for himself. He's a great player, a great friend of mine. I just wish him all the best, but I hope he can stay with us."