Catalunya Radio have reported that club representative Andre Cury - who played a key role in Barca's signing of Neymar from Santos in 2013 - has met with Neymar and his team as interest around a potential return for a player who left in 2017 gathers pace.
The Brazilian got his dream move to the Blaugrana a year ago and though things were nice and rosy to begin with, having won the Copa Del Rey and La Liga, Coutinho has found himself out the side of late and MARCA are saying he's hit "rock bottom".
Assistant coach Jon Aspiazu also told reporters after the game that the Brazil global "is not perhaps at the same level as last year".
After starting eight of Barca's first 11 league games, he suffered a hamstring injury in a Champions League match at Inter Milan in November, which kept him out of action for three weeks.
And Valverde has now called for the former Liverpool superstar to take heed from one of his teammates who's now kept him out the starting XI.
Coutinho has scored six goals and registered four assists in 24 games across all competitions this season.
As at this moment, neither Valverde nor the player's agent has revealed the player's decision to leave Camp Nou this winter but we will keep monitoring how event unfold as regards to Denis Suarez's future.
It's far too early to label Philippe Coutinho a flop at Barcelona or suggest he is surplus to requirements, but you can definitely say he has fallen short of expectations so far.
Manchester United have emerged as the frontrunners to secure a deal for the midfielder, according to Calciomercato.
'When [Ousmane] Dembele wasn't playing, everyone was asking about him, ' said the Barca boss. Once again, they would only pay that if Coutinho is still at the club.