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Barcelona set Philippe Coutinho price amid Chelsea, Arsenal and Newcastle interest

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Premier League clubs are on red alert over the future of Philippe Coutinho. The former Liverpool playmaker has failed to find his feet at Barcelona and was subsequently sent out on loan to Bayern Munich, who have no intention to make the deal permanent.

The 27-year-old is likely to accept a move away from Spain now that playing time is far from guaranteed, but his hefty price tag could be a stumbling block despite his parent club willing to take a big hit.

The Brazil international cost the Catalan giants an initial £105m which could rise to £142m with various add ons. Spanish outlet Mundo Deportivo have reported that each of Chelsea, Arsenal and Newcastle United have shown interest in signing Coutinho on a permanent deal, with Bayern

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