Coutinho is currently on loan at Bundesliga champions Bayern Munich, but the Brazil international is due to return to Camp Nou this summer.
Barca are allegedly keen to move the playmaker on once again before the start of next season, and a host of clubs, including Manchester United, Chelsea and Tottenham Hotspur, have been credited with an interest.
However, according to The Mirror, Coutinho's agent Kia Joorabchian wants his client to move to the Emirates Stadium on loan for the 2020-21 season.
The 28-year-old has largely struggled to make his mark with the Spanish champions since arriving from Liverpool in January 2018.
The South American has been in relatively strong form for Bayern during the current campaign, though, scoring nine times and providing eight assists in 32 appearances in all competitions. body check tags ::