Xabi Alonso claims no Premier League offers were put to him before leaving Real Madrid for Bayern Munich.
Blackpool have signed Rochdale full-back Tom Kennedy on loan, while Tangerines striker Francois Zoko has joined Bradford.
Suarez was signed from Celta Vigo in May 2011, but only made two appearances for City during his time at the club.
The 19-year-old made was a regular for City's elite development squad and made his first-team debut when he came off the bench in a League Cup victory over Wolves in October 2011.
His only other appearance for City was in the 4-2 defeat to Aston Villa in the same competition last season.