BREAKING: Bayern Munich and Barcelona reach agreement for Phillipe Coutinho transfer

Barcelona have reached an agreement with Bayern Munich for the transfer of Philippe Coutinho.

Reports form Germany confirmed the deal has been struck, and Coutinho will reportedly join on an initial season-long loan.

The Brazilian has not been included in Barca’s squad for their La Liga opener at Athletic Bilbao this evening.

Coutinho was widely tipped to be used as a makeweight in a deal to bring Neymar back to the Nou Camp.

The former Barca star wants out of PSG and the Catalan giants remain favourites to secure his services.

But Coutinho’s exit could throw that into doubt, with Real Madrid also weighing up a move.

Coutinho was signed from Liverpool two seasons ago but has failed to live up to expectations and a move to Bayern could favor all parties.