On the pitch, it's fair to say that Liverpool have moved on from the Brazilian.
Sky Sports reported earlier this week that Tottenham manager Mauricio Pochettino had called the Brazilian to try and convince him to join the London club.
Coutinho has made 76 appearances for Barcelona, scoring 21 goals, but has fallen down the pecking order at the Nou Camp.
Reports circulated yesterday that Arsenal had agreed a 12-month loan deal for Coutinho.
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Arsenal have been actively distancing themselves from the deal after reports in France and Spain strongly linked them with a move while Chelsea are banned from registering players.
And that therefore means Coutinho is unlikely to leave the Spanish giants, at least to move back to the United Kingdom.
Coutinho's time at Barcelona has not gone to plan, while Liverpool achieved an incredible points tally of 97 last season and lifted their sixth European trophy.
Speaking following a pre-season game against Napoli, Valverde said, "we do not know what will happen, but Philippe is a player who is with us".
'He didn't play today because, like Arthur and [Arturo] Vidal, they've only had two training sessions. We will see if on Saturday he can play some minutes.
Serie A or Ligue 1 may be a more likely destination for Coutinho, with Paris Saint-Germain one team who could have interest.