The People reports that the Spaniards are ready to make a move for Coutinho, if they qualify for the knockout stages of the Champions League.
Atletico Madrid made their interest in Coutinho known in the summer, but that was quickly rebuffed by Liverpool.
But the Spanish side could make an bid for the 21-year-old in the January transfer window.
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?