But currently unemployed manager Steven McClaren has sensationally claimed that he believes that there is a different English club which the attacking midfielder could end up at.
Speaking to Sky Sports (H/T The Daily Star), McClaren, who recently left his role at Israeli club Maccabi Tel Aviv, said that Liverpool could be a possible option for the want-away player.
Steve McClaren has suggested Liverpool could go for Alexis Sanchez should Coutinho leave. Interesting one that— LFCKoptalker (@LFC_Koptalker) January 2, 2018
“Sanchez will be ambitious and he’s that type of player that could replace Coutinho."
But McClaren did add that with Liverpool's attacking strength, maybe the loss of Coutinho wouldn't hurt Liverpool as much as some may think.
“But when you’ve got [Mohamed] Salah, [Sadio] Mane, [Roberto] Firmino, [Adam] Lallana, you might not need to replace him that much."
Merseyside would certainly be a surprise final destination for Sanchez, but it remains to be seen whether Manchester City plan to move for the player this January, or, indeed, whether Coutinho will even end up leaving Liverpool.