Spurs are, nevertheless, at the centre of a number of potentially big deals before the window closes and would not rule out a move for Coutinho.
The 27-year-old had been determined to make the move a success but has battled to win over supporters.
Despite operating with a reduced budget, Arsenal have already struck permanent deals for Nicolas Pepe and William Saliba, as well as a loan move for Dani Ceballos, but Unai Emery remains eager to add even more new faces.
The Brazil global has no shortage of suitors but has spoken previously of his bond with former club Liverpool where he has strong emotional ties and good friends.
"He's a splendid player, but we haven't talked about Coutinho at any time".
OnePlus 7T Pro real images allegedly leak online
While we still do not have a concrete "Yes" or "No" answer to that, there has been a recent development on that front. The Chinese smartphone manufacturer is expected to launch the OnePlus 7T Pro during the second half of 2019.
Former club Liverpool, Arsenal, Manchester United and Tottenham have all registered an interest in the mercurial Brazilian who has struggled to recapture his form since moving from Anfield for £142million in January 2018. With the addition of Tanguy Ndombele in their midfield as well, Tottenham looks in good form heading into this weekend's Premier League opener.
Barcelona want to send Coutinho "to the Premier", and perhaps there's a chance, although it's not said, the Catalan club could subsidise some of the Brazilian's high wages.
Over in England, with the transfer window closing on Thursday afternoon, plenty of deals remain in the balance.
It had been believed that after the collapse of his move to United that Dybala would be staying with Juventus but Di Marzio claims that Spurs have gone back in for the Argentine. The club captain, Laurent Koscielny, joined Bordeaux for a fee of €5m (4.6m) on Tuesday and the manager, Unai Emery, is looking to strengthen his defence.