Antoine Griezmann has told Atletico Madrid he will leave the club this summer with La Liga rivals Barcelona set to pay his £108m release clause.
In a farewell message on the club's website, the forward said: "It's been an incredible five years; Thank you very much for everything, I take you in the heart."
Griezmann revealed on Tuesday evening that he would be leaving Atletico Madrid at the end of the current campaign after five years with the club.
But Andrea Bertolucci, Coutinho's representative, insists the 26-year-old will not be leaving the Nou Camp if Griezmann is signed.
"It's untrue that Griezmann is going to replace Philippe at Barcelona," Bertolucci told Spanish newspaper AS.
"I don't know why they are saying that. I don't know about that and that's why I don't want to talk anymore, but it's false."
Coutinho joined Barcelona from Liverpool for £146m in January 2018, but has since failed to recapture his best form for the Catalan club.
He has struggled in La Liga this season, scoring only five times in 33 matches, and also came in for widespread criticism for his performance in Barca's 4-0 Champions League defeat at Liverpool last week.
Coutinho still has four years remaining on his contract, which includes a 400m Euros (£354.6m) buyout clause.
Griezmann, 28, has been linked with a move to Atletico's La Liga rivals Barcelona since last year, and speculation has only intensified since the Catalonian club were embarrassed by Liverpool in the Champions League semi-final.
Griezmann went on to lift the World Cup with France one month later, scoring four goals, including one in the 4-2 final win over Croatia.
Atletico will finish the season second in La Liga and without a trophy after blowing a 2-0 first-leg lead in the Champions League last 16 against Juventus, and losing to Girona in the same round of the Copa del Rey.
Griezmann joined from Real Sociedad in 2014. Last season he helped Atletico win the Europa League.
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