Barca have already had two bids in excess of £70m for the Brazilian turned down but they are likely to come back in once Neymar's world record move to PSG goes through.
Reds boss Jurgen Klopp has reiterated his desire to keep Coutinho but Barca may have other ideas.
Owen who traded Liverpool for Madrid in 2004 feels that Coutinho's situation is different from his'; whereas he allowed his contract to run down as he looked for a new challenge, Coutinho recently signed a five-year deal in January.
Still, the Kop legend doesn’t think Coutinho will leave the club.
He said: ''The news going around Spain is obviously fuel to the fire if the Neymar deal goes ahead - the speculation becomes intensive (regarding a) Coutinho move.
"But he was happy enough a short while ago to sign a long-term deal and since then the club have qualified for the Champions League and strengthened the team.
"I think they played a really good move in signing him to a long contract because if the worst came they would get a lot of money for him, but I don't see it happening.
"Other than Coutinho not being happy I can't see how there is going to be a deal.
It's inevitable that a lot of good players want to ply their trade in Spain but the situation with the length of contract has to count for something."
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