English publication 'The Daily Mail' reports that Barca's sporting director Robert Fernandez held talks with the player's agent in London before Liverpool flew out to the US to continue their pre-season campaign but that the deal has not progressed since.
Reports in Spain have since claimed that the Brazilian has submitted a formal transfer request but his current employers insists that that is not the case.
Spanish newspaper 'Sport' claims that the Merseysiders have placed a huge £133m price tag on the 25-year-old as they look to move heaven and earth to keep the player at the club this summer.
However, alternative reports suggest that Coutinho is prepared to take a pay cut from his £150,000 wage at Anfield to push through a move to the Camp Nou this summer.
What is certain is that Liverpool boss Jurgen Klopp does not want to lose the player, speaking last weekend, the German explained that the player is a vital part of the Liverpool squad and that to his knowledge, he is more than happy at the club.
“Everyone knows that Phil Coutinho is a key player for us," he explained.
“I know that he feels completely more than fine, comfortable — whatever — in Liverpool."