Suarez extends Ajax contract
"Everyone was speculating about a transfer, but I was negotiating with Ajax about the extension of my contract" Suarez, whose contract will now expire in 2013, said in a statement.
"I enjoy living in Amsterdam and the team is still developing. The signing of (Nicolas) Lodeiro won me over."
Ajax have signed midfielder Lodeiro from Uruguayan club Nacional on a two and a half year contract.
Suarez joined Ajax in 2007 after a spell at Groningen and has scored 80 goals in 116 matches for the Amsterdam side.