Liverpool have sold star midfielder Philippe Coutinho to FC Barcelona for a whooping £142 million.

The deal gives Liverpool £105 million up front, with the remaining £37 million in possible add-ons.

The deal is surpassed only by the £200 million Paris St-Germain paid Barcelona for Neymar last summer, and the £165.7 million Kylian Mbappe will cost PSG at the end of his initial loan spell from Monaco.

The playmaker will sign a five-and-half year deal at the Nou Camp and will have a buyout clause of 400 million euros (£355 million).

“It is no secret that Philippe has wanted this move to happen since July, when Barcelona first made their interest known,” said Liverpool boss Jurgen Klopp.

ALSO: Peter Okoye’s 10-year old son Cameron joins FC Barcelona academy

“Philippe was insistent with me, the owners and even his team-mates this was a move he was desperate to make happen.”

Klopp said the club had “hoped” they would be able to persuade the player to stay, adding: “The club did everything within our means to convince Philippe that remaining part of Liverpool was as attractive as moving to Spain.

“It is with great reluctance that we – as a team and club – prepare to say farewell to a good friend, a wonderful person and a fantastic player in Coutinho.

“The relationship we have for him means with a heavy heart we wish him well.”