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According to Mundo Deportivo, Liverpool attempted to sign the Brazilian playmaker at a discount as Barcelona sought to reduce their salary cost.
Coutinho has yet to comment on the rumors, but his agent, Kia Joorabchian, has previously addressed a potential return to Liverpool and stated that the player would be interested.
"I think Liverpool lies very, very deeply in his heart, he was a big fan of them throughout the campaign [last season]. He was wishing for them to win the title and he has a very strong affinity there so I think it will be very difficult for him to go to a direct competitor of Liverpool from a personal standpoint," Joorabchian told Sky Sports.
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