Benzema has been a target of the Real boo-boys already this season and it is thought the Bernabeu hierarchy are considering the sale of the Frenchman when the winter window opens if he fails to rediscover his goal-scoring form.
Should Benzema be transfer listed by the La Liga giants in January, then it is believed, according to the Spanish press, that they will renew their interest in Suarez, who opted to stay at Liverpool despite interest from Arsenal and Real.
But the 26-year-old made no secret of his desire to one day play for the Madrid outfit.
Benzema on the other hand was being looked at by Arsenal in August, but the Frenchman decided to remain at the Bernabeu.
However, if the France international is put up for sale then Arsene Wenger could well look to reunite the 25-year-old with former Real Madrid team-mate Mesut Ozil at the Emirates.
Recent reports claim Wenger will be offered a new £15 million long-term deal to remain at Arsenal, with a £40 million warchest expected to be handed to him in January as an incentive.
If Benzema is no longer wanted at Real then I really hope we go back in for him – he would be a superb addition to our side and could help fire us to silverware this season.