Philippe Coutinho
Philippe Coutinho scored 12 goals and provided seven assists to help Liverpool to two finals and be crowned the club’s player of the seasonGetty

Paris Saint-Germain have shown interest in Liverpool midfielder Philippe Coutinho, who was the Reds' best player last season. It will be a major blow to the club if the Brazilian decides to leave, especially after excelling under Jurgen Klopp following the German's arrival midway through the recently concluded campaign.

Coutinho is a vital cog in Klopp's Liverpool revival and played a key role in helping the Merseyside club reach the finals of the Capital One Cup and the Europa League. They lost both the summit clashes, which would have been disheartening, but one could clearly see the difference the former Borussia Dortmund coach had made since he took over the reins from Brendan Rodgers.

According to the Liverpool Echo, the French champions have initiated contact with the former Inter Milan attacker's representatives, but are yet to make a formal approach. The Reds are also aware of the interest, but are yet to react to reports linking the Reds' player of the season with a move to Parc des Princes in the summer.

Coutinho is contracted to Liverpool until the summer of 2020, but the lack of Champions League football could tempt him to look for new pastures. The Anfield outfit, however, will be reluctant to sell one of their top stars with Klopp likely to bring in more reinforcements to make the Reds title challengers once again.

The German coach has already made his move in the transfer market, signing three players since his arrival. Joel Matip and Marko Grujic were signed during the January transfer window, while Mainz goalkeeper Loris Karius became his first summer signing.

The Liverpool Echo reports that apart from the Ligue 1 champions, two other European clubs are also interested in Coutinho, who had his best season in England – 12 goals and seven assists - since his arrival in January 2013.