The Uruguay international says he is "very happy at Anfield" and feels a top three Premier League finish would be an "incredible" achievement.
The Uruguay international has been in scintillating form this season and currently leads the Premier League scoring charts with 24 goals already this season.
Brendan Rodgers’ men currently sit in second place, four points behind leader Chelsea, but Suarez says he could stay at the club even if they fail to secure Champions League football for next season.
When asked whether he would stay at Liverpool if the club missed out on the top four, he told FourFourTwo: "I think so.
"I signed my new contract because I'm very happy here and I want to stay where I'm enjoying football and life. Playing in the Champions League isn't dependent on that.
"I'd actually prefer not to win this Golden Boot and for Liverpool to qualify for the Champions League this season.
"Any player would miss the Champions League. We've not been good enough since I've been here to qualify, but this could definitely be our year".
Suarez also revealed his excitement at the prospect of playing in Europe’s top competition with Liverpool and hopes to maintain his current form for the World Cup.
"It would be a frustration not to get fourth because we've done everything possible and given our maximum to qualify,” he added. “Everyone says Champions League nights at Anfield are amazing - memories you guard forever.
“It would be an unforgettable experience and it's been too long since that happened. I think to finish in the top three, which is still possible, would be incredible with the players we have in the squad.
"This is my best season yet. I feel in a very good place, physically and mentally. Every day, I feel better in this club. I hope to continue down this path because we want Champions League football for Liverpool and, personally speaking, I want to continue that mentality throughout the World Cup with Uruguay."