Bayern Munich and Barcelona have announced they have reached an agreement for the loan of Philippe Coutinho.
The Catalan club have revealed that Bayern will pay an €8.5m loan fee for the Brazilian and cover the player’s wages.
Barca also report that the agreement sees the Bundesliga side hold an option to buy the player for €120m, presumably at the end of his season-long loan.
“FC Barcelona would like to thank to publicly thank Philippe Coutinho for his commitment and dedication wishes him all the best in this new stage of his career,” read a statement of the club’s website.
Bayern also announced the deal, but claimed: “All parties have agreed not to disclose any financial details of the agreement.”
Coutinho said: “For me, this move means a new challenge in a new country with one of the best clubs in Europe. I’m very much looking forward to that. Like FC Bayern, I have big ambitions and I’m convinced that I can achieve them together with my new teammates.”
Sporting director Hasan Salihamidzic added: “Coutinho made it very clear during our talks in Barcelona that he was adamant about moving to FC Bayern. He is a world-class footballer with outstanding technical ability and is a versatile attacking option.”
The Brazilian, who has struggled to reproduce the sort of form he showed for Liverpool since leaving the Reds in a £142million deal in January 2018, was not in the Barcelona squad for their defeat to Athletic Bilbao on Friday as reports of a move to Germany gathered pace.
Reports suggested Bayern were understood to be paying around €30m for the season-long loan, and will then pay Barcelona a further €70m in summer 2020 to sign him permanently.
Tottenham, Manchester United and Liverpool were all mentioned as potential suitors for the player this summer.
Bayern chief executive Karl-Heinz Rummenigge and Salihamidzic, however, travelled to Barcelona last week to seal the deal, something we reported on Monday.
— FC Bayern English (@FCBayernEN) August 19, 2019
“I can confirm that I was in Barcelona with Hasan on Wednesday and that we reached an agreement with both the club and the player,” Rummenigge said on the club website. “We have been watching Coutinho for a while.”
Salihamidzic added: “I would also like to thank Barcelona. Of course, a few details are still to be sorted out, but we are very happy that we will bring this player to Bayern.”