Le 10 Sport claims that the Merseyside outfit have settled on a price tag for the Brazil international in the current transfer window.
The same story claims that Liverpool have already turned down Barcelona’s offers of €80m and €100m for the 25-year-old attacker.
Barcelona are set to sell Coutinho’s compatriot Neymar to Ligue 1 giants Paris Saint-Germain in a €222m deal.
The La Liga giants will have significant funds to test Liverpool’s resolve despite Jurgen Klopp’s insistence that Coutinho won’t be sold.
Coutinho scored 13 times and made seven assists in 31 games in the Premier League last season to help Liverpool qualify for the Champions League.
The Reds have signed AS Roma winger Mohamed Salah, Chelsea teenager Dominic Solanke and Hull City defender Andy Robertson.
Liverpool finished in fourth place in the Premier League table last season in Klopp’s first full campaign in charge at the club.
– Liverpool signed Philippe Coutinho in an £8.5m deal from Serie A giants Inter Milan in the 2013 January transfer window.
– The South American is still waiting to win his first trophy with Liverpool but finished as a Premier League runner-up in 2014.
– Coutinho was voted Liverpool’s player of the year in 2015 and 2016 thanks to his influential performances.
– The Liverpool No10 has scored 42 times in 184 appearances in all competitions during his four-and-a-half year stint at Anfield.
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