Philippe Coutinho is reportedly interested in a move to Barcelona to link up with Brazil team-mate Neymar.
The Liverpool star rejected advances from Real Madrid because he is holding out for a bid from their La Liga rivals.
But Balague has poured cold water in those rumours by claiming Barcelona are not interested in signing the 24-year-old.
Philippe Coutinho reportedly wants to move to Barcelona to play alongside Neymar
Philippe Coutinho wins Samba d'Or trophy
Thu, February 23, 2017
Click through the gallery for the best snaps of Philippe Coutinho with his prestigious award
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Click through the gallery for the best snaps of Philippe Coutinho with his award
"Philippe Coutinho is of course a very good player but Barcelona do not want to sign him," Balague told Sky Sports.
"Barca are after a midfielder and Coutinho is more of a forward.
"Marco Verratti is the one they want but he may be too expensive for them."
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Coutinho has struggled to rediscover his early season form lately
Coutinho recently signed a new five-year deal worth £200,000-a-week at Liverpool to become the highest-paid player at Anfield.
The diminutive attacker enjoyed a brilliant start to the season but has struggled to regain his form after an ankle injury that kept him out for the whole of December.