The Liverpool boss admits that there have been negotiations between the Reds and the Italian side for the Brazilian midfielder, but no deal has yet been agreed.
Despite Inter owner Massimo Moratti saying that the clubs were in talks about a potential transfer as well, Rodgers was keen to stress that the deal is a long way from being completed.
"There's been talks between the clubs but that's about it, so nothing to report," Rodgers told reporters.
Rodgers saw his side dumped out of the FA Cup at the hands of League One side Oldham on Sunday, but he dismissed claims that such a defeat meant he would have to bring new players in, instead claiming that it could be used to improve the players he already has.
"It was very disappointing yesterday," Rodgers said. "There's no doubt, and I know it's a part of the growing pains that we have in terms of going forward, but it's something that we're fully aware of and we know in this window it's never going to be fulfilled.
"It was another marker in the fact that we want to develop the group and improve the group and that's something I'm sure we'll deal with in the coming windows."