Barca have told Coutinho that he will be allowed to leave the Camp Nou as soon as the transfer window reopens following the coronavirus pandemic.
However, they are still seeking £107m for a player they splashed out £142m on to sign him from Anfield in January 2018. It is that huge asking price for someone who will turn 28 in June that has primarily put Liverpool off.
That is a blow for Coutinho, who admits he made a mistake forcing a move to Barcelona a little over two years ago and had hoped he could make an emotional return to the club.
Their manager, Brendan Rodgers, was the man who originally brought the Brazil international to English football from Inter Milan in January 2013.
Leicester know they cannot compete financially with the likes of Man United, but are tempted by the prospect of trying to bring Coutinho to the King Power Stadium.
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