The 25-year-old has been in impressive form for Leeds since joining the club and he was expected to be available for a knockdown price had the Premier League side been relegated.
However, Leeds have managed to escape relegation this past season and they are under no pressure to sell the Brazilian now.
Leeds will now be able to demand a premium price for their key player and it remains to be seen whether Barcelona can agree on a deal with the English club.
According to a report from Sport, the Spanish club’s sporting director Mateu Alemany is all set to fly to England this week in order to initiate transfer talks with Leeds United.
Raphinha has already shown his quality in the Premier League and it is fair to assume that he will be excited about the opportunity of showcasing his quality in the Spanish league now.
A move to Barcelona is likely to be a tempting proposition for the 25-year-old.
However, it remains to be seen whether Barcelona can stump up the cash required to sign the Brazilian international.
Barcelona have been going through financial difficulties in recent months and they will be hoping to convince Leeds United to sell the player at a bargain.
Meanwhile, the 25-year-old is expected to replace Ousmane Dembele in the Barcelona attack. The Frenchman is nearing the end of his contract with the Spanish giants and he is set to move on as a free agent.