The midfielder has been in fine form this season, helping his side overcome a poor start to the campaign to rocket up the table and put themselves in firm contention for a Champions League place.
The Brazilian has been a major part of that turnaround, having scored several wonder goals throughout the season, with strikes against Manchester City in the league and Bolton in the FA Cup standing strong in the memory.
Now, Brazil legend Pele has praised him, likening the player to fellow Brazilian great Socrates.
“I think Coutinho is yet another great player produced by Brazil," said Pele.
"Socrates had a similar style but he was probably slower than Phillipe. There are other good young Brazilians in Europe but they don’t have his experience.”
Zico concurs with that statement, adding that it is down to Liverpool manager Brendan Rodgers and the rest of the players at the club that Coutinho is proving to be such a good player.
It was Rodgers who signed Coutinho from Inter Milan back in January 2013 for a reported fee £8.5m, according to BBC Sport, in what now looks to have been a bargain deal for the club. However the player's desire to take risks must also be praised though, according to the Brazil great.
"Coutinho is a very skilled and technical player," added Zico.
“He seems to have grown in confidence at Liverpool which is probably due to the manager and his teammates. He is comfortable trying new skills and taking more risks. You prove your value and stand out playing that way.”