By Modupe Gbadeyanka
A fee in the region of €160 million (£142 million) has been agreed between Liverpool and Barcelona for Brazilian footballer, Philippe Coutinho, reports say.
The amount is a new British transfer record as well as the highest paid by a Spanish team to an English football club.
It was gathered that La Liga’s leaders will part with €120 million as a guaranteed base fee for the Liverpool midfielder, with another €40 million in performance and appearance-related add-ons that are expected to be triggered.
The deal was reportedly agreed on Saturday afternoon after months of delicate negotiations between the two outfits.
Barcelona began the hunt for Coutinho, who spent five years on Merseyside, after his countryman, Neymar, moved to PSG last season.
“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.
“The player now has permission to complete the usual formalities to conclude the transfer immediately,” the English club confirmed on Saturday in a statement.
The formalities of the deal are now expected to be concluded in Spain within the next 24 hours as Coutinho finally secures the switch he has craved since the Spanish giants made their first move for him in the summer.
However, he will not be eligible to play for Barcelona in their Champions League last-16 tie against Juventus, having already played a key role in Liverpool’s qualification for the knockout phase.
The 25-year-old Brazilian only signed a new five-year deal, which did not include a release clause, with the Anfield club in January.
He has a minor thigh injury and missed the club’s past two games, including Friday’s FA Cup third-round win against Everton.
more recommended stories
Heineken Fans Share UCL Drama in Lagos, PH as Barca Expel Chelsea
On Wednesday, March 14, 2018, football.
Nigerian Gospel Singer St Chika to Thrill Fans at Coast2Coast Live
By Dipo Olowookere Nigerian fast-rising gospel.
Dana Air, Akwa United Seal Deal
By Dipo Olowookere An agreement has.
Wapic Insurance Emerges NFF Official Insurer
By Dipo Olowookere One of the.