Earlier in the week, bookmakers stopped taking bets on Suarez leaving Liverpool and joining Arsenal. Needless to say, the controversial striker is yet to sign for the Gunners and instead, it now looks like he will be moving to Chelsea.
At least that's according to a report in today's Daily Star (itself citing claims in the Spanish newspaper AS). The paper goes on to inform us that a "stunning £34 million deal" is "nearly almost done".
Looking beyond that amusing tautology, it appears New Chelsea boss Jose Mourinho is keen on luring Suarez to Stamford Bridge with a £4.7m-a-year deal.
Not only will the Portuguese manager get a quality player, the report claims, but he will also get one over his former employers Real Madrid, who are also keen on Suarez. Which is as good a reason as any to splash such a large amount of cash.
"Bookies have reacted by cutting the odds on Suarez joining Chelsea into 5/2, although Madrid are still favourites to sign him," the report goes on. "A heap of money was placed on the 26-year-old Uruguayan star joining Arsenal earlier this week but odds on them have now drifted."
AS aren't the most reliable transfer source (who is, really?), but perhaps it is not the most ridiculous idea when other reports today are taken into consideration: the Daily Express claim that Chelsea, along with Manchester City, are set to be disappointed by Edinson Cavani, who is on the verge of joining Paris Saint-Germain in a £53m deal.
And with Cavani's departure from Napoli pretty much assured, the Serie A club are looking to City for a replacement for their star man - Edin Dzeko.
The Sun claims the Bosnia hitman has pricked the interest of new Napoli coach Rafael Benitez although any deal could hinge on whether City find their own replacement for Carlos Tevez, who left for Juventus earlier this summer.
Meanwhile, the Daily Mail report that Dzeko has been targeted by Atletico Madrid.
"The Spanish side are interested after City made it clear they were keen on their other target Alvaro Negredo of Sevilla," the Mail claims. "Negredo is eager to join City where he would team up with a coach he admires Manuel Pellegrini and former team-mate Jesus Navas, however, a transfer fee is yet to be agreed between the clubs."
Dzeko's sale would help offset any other deals done this summer by Pellegrini... like the one he is planning involving Real Madrid defender Pepe.
The Independent "understands" Pepe to be top of City's list of transfer targets, with Pellegrini unlikely to face much resistance from Madrid, who would be willing to let go the 30-year-old third-choice centre-back.
The paper adds that Joleon Lescott's future would be thrown into the air should Pepe arrive at Eastlands.
Juicy though all that is, none of this transfer tittle-tattle appears on the final pages of this morning's papers. Those hallowed spaces are reserved pretty much exclusively for Wimbledon hero Andy Murray, and rightly so.
In fact, the only football story to muscle its way onto some back pages concerns David Moyes's first press conference as Manchester United manager and outcome of his meetings with Wayne Rooney. Unless you've been in a cave for the past 24 hours, you'll know what the deal is: Rooney's not for sale and he's not going anywhere.
Meanwhile, the Daily Star claims that United are facing stiff competition from Italian club Roma for the signature of PSV Eindhoven star Kevin Strootman.
"Shakhtar Donetsk have accepted Dortmund's offer, and Mkhitaryan is now expected to travel to Germany to discuss personal terms and undergo a medical," a report in the Daily Mirror read.
Elsewhere, Arsenal defender Bacary Sagna is attracting interest from Galatasaray, Fenerbahce and Paris St Germain (Daily Mail), Hull City boss Steve Bruce wants to swoop for South African international striker Katlego Mphela (The Sun), Tottenham have been told they will have to pay £25million for Valencia striker Roberto Soldado (Daily Mirror), and West Ham have agreed a £6.7million fee to sign hot Colombian prospect Duvan Zapata (Daily Mirror).
Swansea have stepped up their bid to land striker Wilfried Bony with an improved package worth £13.7m (Daily Mirror), Spanish side Levante are keen on Arsenal striker Marouane Chamakh (Mail), Stoke are ready to offload £6m flop Wilson Palacios as Hull join the race for the £26,000-a-week midfielder (Mail) and Norwich have made a £4.8m bid for PSV Eindhoven’s Swedish midfielder Ola Toivonen (Express).
And finally for today, on a rather sad note, both the Daily Mail and The Sun report today that former England star Paul Gascoigne has been arrested after an alleged drunken assault at a railway station.
The Daily Mirror have reported that Gascoigne had grabbed a security guard by the throat before attacking ex-wife Sheryl Gascoigne when she tried to step in. According to the newspaper, he was bailed after being held in a police cell for 12 hours overnight.