The Italian has made no attempt to hide his admiration for the Uruguay international, who has established himself as a firm favourite with the Anfield faithful
It was reported in February that the Ligue 1 giants were open to offering the Uruguay international a route out of England following his eight-game ban for racially abusing Manchester United defender Patrice Evra.
The link resurfaced earlier this week and when Ancelotti was asked during an interview with PA if he would like to acquire the services of the Reds forward, the Italian replied: "Suarez is a good striker, yes."
Ancelotti also revealed that he expects to sign winger Florent Malouda from Chelsea during the summer, having failed with a previous attempt to land the Frenchman.
"We were interested in January, but I think in June we will have a different solution," the two-time Champions League winner claimed.
Addressing his departure from Stamford Bridge at the end of last season, just a year after he led the Blues to the double, Ancelotti insisted that he bore no ill will towards club owner Roman Abramovich for firing him on the back of a trophy-less campaign.
"When I signed a contract for Chelsea it was very clear: If I couldn't win, I had to leave," he explained. "So, it was not a surprise."
Ancelotti insisted that he is currently enjoying the challenge of trying to establish PSG as a major force in European football but did admit that he would one day like to lead his country.
"Yes, it's a different job to train the national team," the former AC Milan coach mused. "[It] could be another good experience."
Ancelotti's PSG are currently second in Ligue 1, two points behind leaders Montpellier with five games remaining.