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Liverpool striker Luis Suarez is the most valuable Premier League player according to a report

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Liverpool's Luis Suarez has been named as the most valuable player in the Premier League, in a sudy by the CIES Football Observatory.

The ninth edition of the annual football review, named Lionel Messi as the most valuable, with Barcelona forward's value estimated at £161.5million.  He cameahead of second-placed Christiano Ronaldo on £85.2m and Liverpool's Suarez, whose worth is put at £79.4m.

Chelsea's Eden Hazard, a transfer target for Paris Saint Germain, was fourth valued at £61.2m, and Arsenal's German midfielder Mesut Ozil was the other Premier League player in the top 10.

Gareth Bale found himself in seventh, valued at £50.9m, despite being the world's most expensive player when he signed for Real Madrid from Tottenham last summer for £80m.

Other players from the Premier League in the top 20 include Oscar (Chelsea) and Sergio Aguero (Manchester City).

There were also four players who are currently part of the England World Cup squad, with Liverpool's Raheem Sterling the highest (14th), followed  by Everton's Ross Barkley (15th), Wayne Rooney of Manchester United in  joint 17th with another Liverpool player, Daniel Sturridge in joint 19th. The English contingent was the largest of any nation in the survey, with Spain and Germany both having three players on the list.

The total of 9 players from the Premier League was the highest of any league in the top 20.

With Liverpool's 3 players they had the joint highest number of players on the list alongside Barcelona and Real Madrid, the latter of which had the most expensive squad on average at £24m per player.

Interestingly, Atletico Madrid, who were La Liga champions and pipped to the Champions League by city rivals Real, only had average transfer fees of just £3.2m per player.

The CIES Football Observatory uses a database that has been developed since 2005 and will disclose their 2014 World Cup predictions based on their formula within the next week.

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