Arsenal would be displaying a "massive statement of intent" by signing Luis Suarez this summer, according to Ray Parlour.
The Gunners, who have already had two bids of around £40m rejected by Liverpool, are poised to table a final offer of £50m in an attempt capture the Uruguay international before the transfer window closes on September 2.
Should such a move materialise, Parlour - who enjoyed a 12-year spell with the North London outfit - believes that the acquisition of Suarez would make the Emirates Stadium a more appealing prospect to other targets.
He told Goal.com: "If [Arsenal] got Suarez it would be a massive statement, it really would.
"I've always thought they create a lot of chances. I know Suarez does miss some but he scores a lot of goals as well.
"If they could get Suarez in then maybe other players who have been linked with Arsenal will be like: 'Look, they really mean business next season and I want to be at that club as well'."
Arsene Wenger, who has only signed France Under-20 international Yaya Sanogo thus far, is strongly rumoured to be poised to tie up a deal for his second signing of the summer in the form of Bayern Munich midfielder Luiz Gustavo.
