Spanish newspaper AS reports that the Italian side are prepared to open talks with Real Madrid about a move for the left-back.
Reports claim Inter Milan are keen to sign the left-back on loan for the season.
Coentrao’s former club Benfica have also been linked with a move, but the defender is not keen on a return to Portugal.
Manchester United have previously been linked with a move for the highly-rated defender.
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.