The Telegraph are reporting that Liverpool are hopeful that Suarez will be ready for the start of the season. They say that although he's entitled to 3 weeks holiday, he plans to return early and thanks to the huge ban he had last season for Ajax and the few weeks break he had before the Copa America, he won't need much of a rest.
Gut feeling is that he'll still probably only make the bench for the opening day but will be back for Arsenal a week later. And as I always forget to update my team each week, I'll leave him in my side.