The Reds recently agreed a fee with Barcelona – thought to be around £70m-£80m – for the 27-year-old forward, who has become the club’s talisman over the course of the past few years.
Suarez fired 31 Premier League goals to book the Merseysiders a spot in next season’s Champions League, which has left Brendan Rodgers eager to spend big to get a player in to help fill the void.
With cash to blow, the Anfield side are chasing big names, with Lukaku, Di Maria and Balotelli all on their list.
Although not a striker, di Maria is seen as a good option, with the Argentinian able to play on either flank or in an attacking midfield role.
He’s available for close to £40m from Real Madrid, and is thought to be a player Rodgers admires.
Balotelli is perhaps a more orthodox replacement, but the Italian has a chequered history thanks to on and off-field misdemeanours.
Lukaku bagged 16 goals while on loan at cross-city rivals Everton, yet there are doubts surrounding his ability to step up to the biggest stage.
Liverpool are keen on all three as they bid to make a statement of intent following Suarez’s sale.