The Europa League runners-up are expected to pay a significant loan fee for the 27-year-old, who joined Barcelona in 2017 for a fee of £142 million.
Barça aren't anxious and believe, should a move to the Premier League fall through, another European side will offer Coutinho an escape route.
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Having struggled to prove his worth on the back of a big-money transfer to Camp Nou from Liverpool, and now facing more competition for places in Catalunya, a return to English football has been mooted. If Eriksen stays in North London, United could sign Coutinho as an alternative. A source close to Coutinho told ESPN FC the chances of a return to England this month are "low" but not impossible.
Although Kia Joorabchian didn't name Arsenal specifically. "I have players there and I have all the respect, but in regards to Philippe, it would be extremely hard, an nearly impossible move", he said.
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"I would be very hard for Philippe to play for any of Liverpool's rivals, because he has such a great affinity towards Liverpool".
However, there are still questions about whether Coutinho would be keen to play for another Premier League club other than his former side Liverpool. It would be hard for him to go to a rival. In Coutinho's one season at Espanyol under Pochettino, he began to solidify himself as an electric player in the final third with tremendous skill, tactical abilities, and ruthlessness in front of goal.
"I like Coutinho as a footballer, but it is another thing that we are interested in him", the Spaniard said. "We have never talked about Coutinho".
Arsenal's transfer business shows no signs of ending either as they still want to bring in a new centre-back and a left-back.