The Spanish giants fought hard to land the Brazilian in the summer and failed with a final bid of over £100m.
It was thought Barca would come back in for the attacking midfielder during the January window with a new offer.
But, according to Sport, the La Liga club have ended their interest and will focus on other targets.
Specifically, Barcelona are ready to go all out for Nice midfielder Jean Michael Seri.
The Ivorian was on their radar in the summer and they are now ready to fight off interest from Arsenal and Tottenham to land him.