BREAKING NEWS! Bayern Munich Sign Coutinho On Loan From Barcelona

Barcelona say the German side will pay 8.5m euros (£7.78m) to take the Brazilian, 27, on loan while the option to buy stands at 120m euros (£109.84m).

Bayern will also pay Coutinho’s wages for the duration of the loan spell.

“For me, this change represents a new challenge in a new country at one of the best clubs in Europe,” he said.

“I am really looking forward to this. I have big goals, like Bayern, and I’m sure I can do it with my new team-mates. “

Bayern chief executive Karl-Heinz Rummenigge added:

“We have been working with Philippe Coutinho for some time and are very happy that we were able to realise this transfer now.

“Our thanks to FC Barcelona for agreeing to this transfer. In Philippe, a player comes to FC Bayern who will strengthen our offensive with his creativity and excellent technique.”