Barcelona have dramatically slashed their asking price for former Liverpool midfielder Philippe Coutinho.

The Spanish side paid a staggering £142million for the Brazilian when he left Anfield in Janaury 2018.

The Red received £105m up front with the remainder, £37m, arriving in add-ons in what was a British record fee.

The midfielder signed a five-and-a-half-year deal at the Nou Camp, with a buyout clause of £355m, but his dream move has not gone according to plan.

Mundo Deportivo says Barca are now so desperate to offload Coutinho that a fee of €20m has been set for the Brazilian.

The midfielder is recovering from a knee injury and agent Kia Joorabchian has been told to find him a new club.

Arsenal and AC Milan are emerging as potential destinations.