Arsenal's 40 million pound Suarez bid rejected by Liverpool

An unusual bid of 40,000,001 pounds from Arsenal has been rejected by Liverpool, which was designed to trigger a clause in Luis Suarez's Liverpool contract.

According to BBC, under the terms of Suarez's deal, the club is duty bound to consider any offer for him in excess of 40 million pounds and then inform the 26-year-old of it but they do not have to sell and have now rejected two bids from Arsenal.

However, while Liverpool remain determined to keep their prized asset, who scored 30 goals for the club in 44 appearances last season, their resolve is likely to be tested if the bidding continues to rise, the report said.

Real Madrid is also interested in the Uruguayan striker but have yet to make a formal offer, the report added.