Speculations are for journalists only
Liverpool’s star man is a long-term target for the Catalan giants and close friend of compatriot Neymar.
The Brazil international, though, only signed a new contract at Anfield in January.
Coutinho has committed his future to the Reds and this week played down talks of an exit, saying: "I have a long contract with Liverpool. Speculations are for journalists only."
Barcelona are looking to make top-class signings in the transfer window following their failings last summer.
With Ernesto Valverde set to replace outgoing boss Luis Enrique at the Nou Camp, they are aiming to revitalise the club.
Liverpool's Philippe Coutinho isn't interested in joining Barcelona and teaming up with Lionel Messi
But with Real Madrid the dominant force in Spain and Europe of late, Barcelona are struggling to appeal to star players – especially as they plan to appoint Valverde, who is inexperienced at the very top level of management.
As a result, according to Spanish outlet Don Balon, Barcelona are set to miss out on Coutinho, despite him being high on their agenda.
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It is said Lionel Messi is not enough to draw the 24-year-old playmaker to the club.
And playing for Barcelona is not considered an improved situation at the moment to representing Liverpool where he is idolised and loved by fans.
Coutinho will not leave Merseyside, meaning the La Liga giants will have to look elsewhere to strengthen their side.