We study the steady-state response of a three-phase composite composed of an internal hypotrochoidal compressible liquid inclusion, an intermediate isotropic elastic coating and an outer isotropic elastic matrix with simultaneous interface slip and diffusion occurring on the solid–solid interface when the matrix is subjected to a uniform hydrostatic stress field. We design a neutral coated hypotrochoidal liquid inclusion that does not disturb the prescribed uniform hydrostatic stress field in the surrounding matrix. The neutrality is achieved when the plane-strain bulk modulus or the compressibility of the elastic matrix is determined by solving a system of simultaneous linear algebraic equations for given geometric and material parameters of the coated liquid inclusion.