According to Goal.com, the Spanish giants are keen for the 19-year-old to get first-team experience and have spoken to Premier League clubs about taking him for a season.
The report claims Arsenal, Liverpool and Spurs could all be interested, while Manchester City attempted to sign Deulofeu on a permanent contract last season.
The Spain under-19 international recently signed a new four-year contract at the Nou Camp, a deal that includes a €35m buyout clause, but Barcelona are eager for him to continue his development abroad after starring for the club's 'B' team.
They feel the pace and power of the Premier League would suit his style.
Deulofeu was named player of the tournament at last year's European under-19 Championship, but he's made just five substitute appearances for the Catalan club since making his debut in 2011.
And following the Neymar signing announcement, Deulofeu can expect to see competition for places increase even further.
Borussia Dortmund may be alternative to the likes of Arsenal and Spurs, with the Champions League finalists looking to soften the blow of losing Mario Gotze to Bayern Munich.
Deulofeu can play out wide or through the middle, and would add an extra dimension to most Premier League clubs.