Coutinho has made headlines after a scintilating performance for The Reds in their 2-1 come-from-behind win over Bolton to ensure they advance to the fifth round of the FA Cup on Wednesday.
Rodgers believes the midfielder is developing in a similar way to that of Suarez, before his move to Barcelona in August last year, and tips Coutinho to emulate the Uruguayan.
"You would pay money to watch the kid," Rodgers told reporters.
"He is a great role model for lots of technical players in this country."
Although Suarez was a striker, and more prolific in front of goal, the former Swansea coach says the Brazilian playmaker will go down as one of the world class players to have donned the Liverpool jersey.
"He will become world class in the next couple of years. Luis Suarez was at a level then he played in this team and grew and grew with the model and went into the world-class bracket, and I can see Coutinho falling in the same sort of way.
"He might not be as prolific as Suarez was but he is certainly on the way to that. He is a wonderful, wonderful player," he added.
Rodgers also praised the 22-year-old for showing great commitment in signing a new long-term deal with the club.
"Signing a new deal shows he is really committed to Liverpool and his development."