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Barcelona 'prepared to take £65m hit' on £145m flop Philippe Coutinho with 'Chelsea eager to take Brazilian on loan then buy him outright next year'

Barcelona 'are prepared to take a £65million hit on Philippe Coutinho' with Chelsea reportedly favourites to take the Brazilian initially on loan.

The former Liverpool midfielder has failed to make much of an impact at the Nou Camp since his £145m transfer from Liverpool back in 2018.

The 27-year-old spent this season on loan at Bayern Munich but the German club aren't interested in making the deal permanent.

Now, according to Spanish newspaper Sport, Chelsea are front-runners to sign Coutinho once the transfer window opens following the coronavirus shutdown.