The Uruguay forward is currently in negotiations with Barcelona, who are reportedly willing to pay £75million for his services.
"The baggage comes with him and wherever he ends up he's going to have that baggage," Hoddle told Sky Sports News.
"Off the pitch it might be 'phew, we've got away with that a little bit and got decent money for him'. I think Liverpool will look at it and say it was out of their hands in many ways why he's had to leave, but they move on.
"Brendan will go out and try and replace him with probably two or three players. He'll have to look at it differently because you're not going to find another Suarez to replace what he's done.
"Maybe really two or three really class, top players will add to the squad and will make the squad stronger in a different way."
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