Gunners tried, but failed, to lure Reds forward Suarez to the Emirates this summer.
Arsenal head coach Arsene Wenger will be given £40m to spend on a new world-class front man in the January transfer window, according to reports in the Sunday Mirror.
The Frenchman recently splashed out a club-record £42.4m in the final hours of transfer deadline day in order to bring coveted Real Madrid playmaker Mesut Ozil to the Emirates on a bumper five-year contract worth £200,000 per week.
However, Wenger had a whopping £80m transfer war chest at his disposal during the summer window and his main aim was to find a new striker to help lift the pressure on France international Oliver Giroud in north London this season.
The Gunners did, of course, make efforts to sign both unsettled Liverpool forward Luis Suarez and Gonzalo Higuain during the close season, only to fail to lure either player to the capital.
Suarez had appeared to be on the verge of joining Arsenal after Wenger lodged a bid of £40m plus £1 for the Uruguay international which the club believed was sufficient to trigger a release clause in the player’s contract at Anfield, only to then discover that they had been given the wrong information about their target’s deal with the Reds.
But it is now understood that Wenger will now return for Suarez when the transfer window reopens for business at the start of the year armed with £40m in the bank with which to sign the coveted striker.