Barcelona have reached an agreement with Bayern Munich for the transfer of Philippe Coutinho.
Bayern confirmed the deal has been struck on Friday night, and Coutinho will join on an initial season-long loan with the option for the German champions to make the move permanent thereafter.
“I can confirm that Karl-Heinz Rummenigge and I were in Barcelona this week and reached agreement with FC Barcelona, the player and his management,” sporting director Hasan Salihamidzic said.
“The talks were very good and I’d also like to thank FC Barcelona for that. Obviously we still have to finalise a few details, but we’re delighted to be bringing this player to FC Bayern.”
The Brazilian was not been included in Barca’s squad for their La Liga opener at Athletic Bilbao, which they lost 1-0.
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.
Former Liverpool midfielder Coutinho left Anfield for Barcelona in January 2018 when he sealed a £142million move to the Spanish side.
But he has struggled with the Blaugrana, failing to establish himself as a regular started under Ernesto Valverde.
He will be looking for more action in Germany and is set to become Niko Kova’s fifth summer signing.
Coutinho has made 75 appearances in all for Barca, scoring 21 goals.