The Uruguay forward committed his future to the Reds by putting pen to paper on the deal on Tuesday afternoon after returning to Melwood following the Olympics earlier this week.
“To sign a new contract with Liverpool is unbelievable for me because I am so happy here at both the club and also in the city,” Suarez told Liverpoolfc.com.
“That is important for me and I am very happy with my new contract.
“When you are a kid, everybody wants to play for Liverpool. I am here now and it is a dream for me, and now I am a Liverpool fan.
“I am happy off the pitch because the people of Liverpool are good with me and my family. I try my best on the pitch and when you are happy off the pitch, you are happy on the pitch.
“I want to say thank-you to the fans because they are our 12th player. The supporters of Liverpool are unbelievable.
“Five or six years ago I watched on TV the stadium and the club, and now I play here and the supporters have helped me. That’s very important for me.”
Suarez has established himself as a Kop favourite at Anfield since his transfer from Ajax in January 2011.
The No.7 has scored 21 goals and created countless assists for his teammates in 52 appearances for Liverpool.
“I’m delighted,” LFC manager Brendan Rodgers said. “When you have the opportunity to work with world-class players it’s fantastic.
“There were certainly a few clubs who were interested in him, but over the off-season he and I communicated well — and he’s committed himself for the long term here now.
“He’s really looking forward to playing in this way of working. As a manager and for the supporters, I’m delighted because I know how important he is for them.”
Photo via LiverpoolFC.com