Club captain understood to have held clear-the-air talks between Suarez and Rodgers.
Liverpool club captain Steven Gerrard is understood to have acted as peacemaker in order to persuade Luis Suarez to remain at the club according to The Daily Mirror.
The Uruguayan striker has been strongly linked with a move away from the club this summer after publically expressing his desire to leave Anfield.
He was thought to have been on the verge of a move to Arsenal after the club bid £40,000,001, thinking they had activated a release clause for the player, only to later discover the clause to be non-binding.
Suarez initially remained resolute in his determination to leave, infuriating Liverpool manager Brendan Rodgers who felt the striker was shocking a lack of respect towards the club.
But it now appears that Suarez is set to stay after apologising to the club and his team-mates.
Suarez was reportedly unsure how Rodgers would receive his apology and so was accompanied by Gerrard in order to show that he had been accepted back into the fold by his Liverpool team-mates.
The news is likely to come to the dismay of Arsenal fans who were hoping to reach a deal for Suarez before the end of the transfer window.
The Gunners are desperate for a new striker after seeing their side go 3-1 down at home to Aston Villa.