The Reds are expected to receive £105m up front – a British record – for the 25-year-old Brazil international, with the rest in realistic add-ons.

According to BBC, the playmaker will sign a five-and-half year deal at the Nou Camp and will have a buyout clause of 400m euros (£355m).

He joined Liverpool from Inter Milan for £8.5m in January 2013,

The final deal will be eclipsed only by the £200m Paris St-Germain paid Barcelona for Neymar last summer, and the £165.7m Kylian Mbappe will cost PSG at the end of his initial loan spell from Monaco.

Coutinho stayed behind on Merseyside while final negotiations were concluded as his Liverpool team-mates flew to Dubai for a mid-season break.

“In the next hours we will inform you of the details of the player’s arrival and presentation,” the Spanish club said in a statement. – BBC

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