Liverpool have yet to receive any formal approach for Suarez.
Liverpool will demand urgent talks with Luis Suarez over reports claiming that he has already agreed personal terms with Real Madrid, the Daily Telegraph reports.
Suarez is currently in Brazil representing Uruguay at the Confederations Cup but has spend most of the time flirting with Los Blancos through the media, stating that he would “give his heart and sole for Madrid”.
Liverpool haven’t received a transfer bid for Suarez and are still maintaining that they will not sell the Uruguay international, who has three years left on his contract at Anfield.
The reports surfaced via Spanish newspaper Marca and Liverpool are taking their claims seriously because the newspaper has close ties to Real Madrid.
It appears that personal terms have already been agreed with Madrid and it is only a matter of time before the Spanish giants submit a bid to Liverpool for Suarez.
Liverpool are likely to still play hard ball with Madrid and will not accept a bid of less than £40 million, which is Suarez buy-out fee.
Suarez has been a highly controversial figure at Liverpool since he made the move from Ajax two years ago.
He is currently serving a 10 match ban for biting Chelsea defender Branislav Ivanovic and Liverpool will feel betrayed at the way he is trying to force through a move away from the club.