The Liverpool striker accepts the punishment handed to him by the Football Association on Wednesday and will start serving his suspension on Saturday against Newcastle.
The Uruguay international was handed the suspension on Wednesday for a blatant bite on the Serbian's arm during Sunday's 2-2 draw with the Blues at Anfield, with manager Brendan Rodgers suggesting that the punishment was excessive.
But the Football Association has confirmed that the 26-year-old Suarez will not be appealing the decision and will sit out all 10 matches, the first of which will be Saturday's clash with Newcastle.
An FA statement read: "Liverpool forward Luis Suarez has not appealed the suspension issued to him by an Independent Regulatory Commission this week.
"A three-person Independent Regulatory Commission upheld the FA's claim that a suspension of three matches was clearly insufficient and the player will now serve a further seven first-team matches in addition to the standard three.
"The suspension begins with immediate effect and applies to Liverpool's next 10 domestic first-team fixtures.
"The FA intends to publicise the Independent Regulatory Commission's written reasons in due course."