Since his £22 million move from Ajax in January 2011, Suarez has established himself as a fan favourite for the Reds and his coach is pleased that he has committed to the club's vision for the future.
Following a season full of controversy, the striker had previously been linked to a move away, with Serie A side Juventus being mooted as a possible destination.
Speaking to Liverpool's official website, Rodgers enthused: "I'm delighted that he has signed. I think he's one of the top strikers in world football.
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"Hopefully, he was able to see our vision going forward, in terms of what we're trying to do. I think he felt safe and secure at the fact that we look like we are heading in the right direction and he's very happy to come with me on that journey - which I'm delighted about.
"He's committed himself long-term to the club and 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 to them.
"He's a winner. He wants to win. This is a guy who, whether it's raining or there's sunshine or snow or hail, he's out on the field.
"You very rarely see him in a treatment room. He loves his football and football is his life. It's his passion and I can relate to people like that; people who want to succeed and people who are passionate about success."
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Rodgers feels that Suarez's flexibility, being able to lead the line or play behind a main striker, will allow him to fit seamlessly into his plans for the club.
"He's a player who works well across the line. He's clever in his movement and he always asks questions of defenders," the Ulsterman observed.
"He's either on the shoulder [of the back four] or he's in between the lines. When he's around the edge of the box, there's always that sense of excitement that something might happen.
"As a manager, I love that invention and imagination at the top end of the field and Luis certainly gives that. He will fit into the dynamics of the team.
"He's got a great mentality. Alongside that are his footballing qualities; his movement, his cleverness, his brightness and his all-action game is fantastic.
“Not just his talent, but his ability to work hard, was very important to the team last season and hopefully that can continue.
"I think he was impressed by how Swansea City played last year and felt that he would love to play in that type of game.
"We kept in contact through the summer via text, via speaking and then I was delighted when we were able to agree a new contract. It's been great to see him back here at the training ground."