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Liverpool have yet to receive a fourth bid from Barcelona for Philippe Coutinho.

However, if the Catalan giants do table the rumoured offer of £138million then it will be instantly rejected.

Reports suggest that Barca will have one last attempt to prise Coutinho away from Anfield today by offering £101m up front and a further £37m in add-ons.

But they will be wasting their time as Liverpool's summer-long stance that the 25-year-old isn't for sale at any price won't change.

The Reds insist regardless of how much Barcelona are prepared to pay they don't have sufficient time left in the current window to buy a suitable replacement.

Liverpool rejected a third bid of £118m last Friday which included £82million guaranteed with a further £36m to potentially follow in add-ons.

Barcelona then imposed a bizarre 7pm Sunday deadline on Liverpool to accept a deal which the Reds allowed to pass without response.

As far as Liverpool were concerned that was the end of the matter with Barca vowing to move on to other targets.

The La Liga outfit know Coutinho is going nowhere but with talk of a fourth bid it appears they are determined to prove to the player that they did everything they possibly could to sign him.

Making it look like they are still negotiating for Coutinho might also help them keep the price down on other deals as they struggle to re-invest the £200m they received from the sale of Neymar to PSG.

Coutinho won't play for Liverpool again until after the international break. He's been sidelined for three weeks with a back injury which has coincided with his attempts to force a move.

Jurgen Klopp said on Tuesday that he hadn't reported to Melwood for treatment so far this week because he's suffering from a virus.