The Reds ensured the striker will stay with them for the foreseeable future by offering him in excess of £180,000 a week, becoming the highest paid player the club has ever had.
However, Suarez and his representatives ensure that the contract also had an option for him to leave if certain clubs came calling.
Liverpool are not willing to sell their main man to another English club, as was proved in the summer when they rejected two bids from Arsenal, but they may cash in when the likes of Barcelona and Real Madrid enter the fray.
Suarez is keen on a switch to La Liga and if Liverpool do not qualify for the Champions League that could become a reality in the summer.
The Reds are top of the Premier League though, thanks to Suarez who scored twice and set up the other in their comfortable win over Cardiff yesterday.