Bayern Munich have reached an agreement to sign Philippe Coutinho from Barcelona, according to a report.

The deal will see Coutinho head to the Allianz Arena on an initial season-long loan deal.

According to RAC1, the deal has now been fully agreed between both clubs.

The Brazilian had been touted to act as a makeweight in any deal for Barcelona to re-sign Neymar from Paris Saint-Germain, but his exit would change matters.

Coutinho became Barcelona's most expensive ever signing when he arrived from Liverpool for £142m in January 2018, but his stay at the Camp Nou is set to come to an end after just 18 months.

The 27-year-old has made 76 appearances for Barcelona, scoring 21 goals.