After the coronavirus lockdown put the squeeze on their finances, the La Liga champions are desperate to balance the books. The club is prepared to lower Coutinho asking price to €70million. The amount is less than half the fee they paid Liverpool two and a half years ago for Coutinho.

Catalans are facing a tough time and are under pressure to slash their wage budget by the start of football’s new financial year.

Barcelona is reportedly set to entertain €70 m ( £ 63.23 m) bids for Philippe Coutinho. None of the clubs wants the Brazilian on next season’s books, despite posting decent returns on the Catalan giants and a loan spell on Bayern Munich. This has left Barcelona desperately in need of a bidder before the end of the financial year for football on June 30.

The latest La Liga outfit stance has enhanced the possibility of a transfer to the Premier League according to Diario Sport. It is said that the situation is being monitored by Chelsea, Tottenham Hotspur, and Newcastle United, though each club would prefer a loan deal.

The report suggests that Bayern could also be open to a second loan spell, instead of taking up an option to sign the 28-year-old permanently next month.

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