That’s £15m below Liverpool’s valuation of their star striker.
Liverpool insist they want Suarez to stay but know how much they want for the Uruguayan if he leaves.
And that is creating a dilemma at Anfield, as Real are believed to be Suarez’s preferred destination.
The Spanish giants are also aware of that but have indicated they won’t spend more than £25m on Suarez, 26.
It means Liverpool are reluctantly having to consider interest from Premier League clubs, particularly Arsenal, who have already offered £30m.
But the Reds are hoping to Kop closer to £40m if they lose the fight to keep the controversial Suarez.
Arsenal are also in the market for Real’s Gonzalo Higuain, Manchester United’s Wayne Rooney and Everton’s Marouane Fellaini.
They are now said to be willing to meet Fellaini’s buy-out figure of £22m but the deal is being held up by the Belgian’s personal terms.
It is claimed the attacking midfielder is seeking a pay-off from Everton on the remainder of his contract and also has to negotiate terms and a signing-on fee with the Gunners.
Ex-Liverpool striker Robbie Keane believes Suarez has already burned his bridges at Anfield.“Liverpool are reluctantly having to consider interest from Premier League clubs, particularly Arsenal, who have already offered £30m”
He made it clear while on Confederations Cup duty with his country that he wanted to leave Anfield.
And Ireland hero Keane said: “Luis Suarez has been fantastic but he will probably leave the club.
“If you come out with the statements that he has been doing, then I think it’s going to be hard for him to stay.
“Whatever the reason is behind him wanting to leave, he’s at a massive club, so where would he go from there? I’m really not sure.
“The Champions League is important to a player but if you’re playing for a massive club like Liverpool, eventually they’re going to be back in the Champions League and they need players like Suarez to help them achieve that.”