The Daily Mail says Barca fear Manchester City could make a new statement of intent by making an offer they can’t refuse for Iniesta.
There is groundswell of support for the Spain midfielder to be recognised as the best player in the world when the FIFA Ballon d’Or is handed out in Zurich on January 10.
And a monster bid from City would crush any lingering doubt about a lack of ambition following the fallout of Carlos Tevez handing in a transfer request.
The depth of Barcelona’s financial problems came to light this summer, with debts of £370million forcing them to sell shirt sponsorship for the first time.
While a controversial £125m five-year deal with the Qatar Foundation has eased the pain, there is a feeling that only Lionel Messi can be considered completely off limits when it comes to the transfer market.
Bids of around £60m for Iniesta may tempt Barca, though whether the 26-year-old would leave after 15 years is another matter.