That's according to one of Vasco's biggest legends Edmundo Souza, who spoke about Fla's reported interest in signing the Brazilian on his Youtube channel, Mundo Ed.
Souza spoke to journalist Fabio Azevedo, who addressed the rumour.
He said: "Forget it. Ed knows his representative very well, he's here in Doha, Cacau Barbosa. Forget it, there was no conversation. Once, Cacau told me the following: 'Fabio, Philippe knows that he's an idol for Vasco fans, that he's a reference for the boys.
"What is a reference for the boys? That's when they go up, sign a contract, they enter the room, they see the photo of Philippe Coutinho. So why would I negotiate him with Flamengo? Spoil that image of him, no need. Financially it's settled.
"Then there was no conversation, there was fake news."