The story of signings is usually a story of ups and downs. It wasn't going to be less with Coutinho. The Brazilian was being linked with a transfer to Chelsea which seemed very close, but it has gotten further away again. Liverpool, another destination, have ruled him out. The English press inform of it.
The 'Mirror' even states that the Reds confirmed to the player himself that they don't want him for next season. It was already leaked a few weeks ago that his agent wished for his client to return to England, but he preferred Arsenal, so it isn't a very tough piece of news for the player.
The 'Sun' assures that the Blues are now not only thinking about the Bayern player- who is on loan from Barcelona. They are surveying the market in search of other names. Philippe isn't a priority and they want to be clear about their candidates before deciding.
The option that hasn't become less popular. at least until now- is returning to Barca and being an important player for Quique Setién. He is willing to make room for himself and he could fit into the manager's style, as one of his standout attributes is his touch.