Sky Sports understands that Dinamo Zagreb striker Duje Cop is attracting interest from clubs across Europe.
Blackpool boss Jose Riga has admitted his squad is lacking experience as he continues to search for reinforcements.
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.