Barcelona agree HUGE fee for Liverpool's Philippe Coutinho

The 25-year-old is due to fly out to Spain on Saturday evening to finalise the move with £105 million of the fee expected to be an up front payment, the remainder following in realistic add-ons.

According to Barcelona, the Brazilian will sign a five-and-a-half-year contract, with a buyout clause of 400m Euros (£354.6m).

Speculation has been growing about a renewed bid of potentially £140million for Coutinho from Barcelona, who had three offers rejected - the last totalling £118m - in the summer.

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Coutinho's departure would be a blow to Liverpool, but it would allow Barcelona to move on from the bitter experience of losing his Brazil teammate Neymar last summer to Qatar-backed Paris Saint-Germain for a world record 222 million euros.

"It is no secret that Philippe has wanted this move to happen since July, when Barcelona first made their interest known".

A statement on Liverpool's official website reads: "Liverpool FC can confirm Philippe Coutinho will be leaving the club after a transfer agreement was reached with FC Barcelona, subject to medical and agreement of personal terms".

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"It is with great reluctance that we - as a team and club - prepare to say farewell to a good friend, a wonderful person and a fantastic player in Coutinho".

The player has a minor thigh injury and missed the club's past two games, including Friday's FA Cup third-round win against Everton.

Coutinho will not be able to play for Barcelona in the Champions League since he has already featured in the competition with Liverpool in the group stage.

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  • Jill Young