Suarez will remain at Emirates until the end of the season, BBC, Sport reports.
Barcelona extended Suarez’s contract until June 2021, but Arsenal have an option to make the deal permanent in the summer for €25million.
The 25-year-old has been told by Valverde that he was not in his plans this season at Camp Nou.
Suarez, who played under Arsenal manager, Unai Emery during their time at Sevilla, has been one of Gunners’ top January transfer targets this month.
The midfielder played a key role in Sevilla’s Europa League success back in 2015. SHARE THIS STORY USING ANY OF THE BUTTON BELOW ⬇ PLACE YOUR TEXT ADVERT BELOW ⬇⬇⬇