Coutinho has started the last three league games for Liverpool after missing the start of the season with a back injury.
However, Barcelona have already begun a charm offensive and Liverpool noted the words of chief executive Oscar Grau on Tuesday who said the club were "ready" to buy the Brazilian.
He said: "We are ready to buy Coutinho in the winter market or any player the technical staff request".
From Barcelona's point of view, the Brazilian will be cup-tied in the Champions League, which means there will be little value in signing a player they can not feature in their most important competition. Liverpool's position has not changed and they are furious about Grau's comments.
It's hardly surprising that Barcelona's interest in Coutinho hasn't wavered.
"I don't think it's going to happen in January, I don't think they've got intention of making it in January", Balague told Sky Sports, per the Express.