Barcelona and Liverpool have reached an agreement for the transfer of Philippe Coutinho

Barcelona on Saturday confirmed that they had agreed to sign Brazilian star Philippe Coutinho from Liverpool, promising to give the details later.

But multiple reports said the transfer deal is worth up to $192 million.

“Barcelona and Liverpool have reached an agreement for the transfer of Philippe Coutinho. The player will sign a contract for the rest of the season and five more years with a release clause of 400 million euros,” said a Barcelona statement.

On their website, Barcelona ran the headline, ‘Coutinho a Barca player’, displaying the ex-Liverpool player in photo-shopped Barcelona colours.

The deal for the 25-year-old attacking midfielder will be the third richest in history after the 222 million euros that Paris Saint-Germain paid Barcelona for Brazilian star Neymar last year and the 120 million euros that Kylian Mbappe will cost PSG from Monaco once the French player’s loan period with the Ligue 1 champions is completed.