Liverpool manager Jurgen Klopp told Barcelona "to save their energy" last week, claiming the player wasn't for sale.
Now, Liverpool legend Gerrard has waded into the debate about Coutinho's future by insisting that the Reds are under no pressure to cash-in on the midfielder this summer.
And Souness thinks they will struggle to win the Premier League regardless of whether they keep Philippe Coutinho, who has been been the subject of a failed £90million bid from Barcelona. Barca are prepared to make a new bid worth £108.4m to tempt the Premier League club into selling, as they seek out star names to replace their former number 11.
Barcelona's pursuit of Coutinho comes in the wake of Neymar's £198 million move to Paris Saint-Germain, with the Liga side desperate to find a replacement for the forward. So what they offer in the end doesn't matter.
With no progress being made on the Coutinho deal they are expected to move for Dortmund winger Ousmane Dembélé instead. Their position is strengthened by the five-year contract Coutinho signed only last season.
He said: "Today, no player on the planet is unsellable".
Coutinho is now a doubt for Liverpool's Premier League opener with Watford due to a back problem that ruled him out of last weekend's friendly with Athletic Bilbao. "But a transfer is also a question of timing".
The Reds are into the UEFA Champions League this season, and have a good chance of making an impressive run in the tournament of Europe's best clubs.