Aston Villa sign Coutinho permanently from Barcelona for €20M
Philippe Coutinho isn't going anywhere.
Barcelona agreed to transfer Coutinho for €20 million (£17.2 million) and included a 50% sell-on clause if Aston Villa decide to sell him in the future.
Coutinho signed a contract that will keep him at Villa until 2026.
"This is a brilliant signing for Aston Villa," club manager Steven Gerrard said. "Phil is a model professional, and his impact on the group has been very clear since he joined in January.
"With the way he conducts himself on and off the pitch, he’s also a valuable role model for our younger players who can only benefit from his experience."
The 29-year-old enjoyed a bright start in his return to England after joining Villa on loan in January, scoring four goals and providing three assists in his first eight appearances.
But Coutinho has suffered a dip in form during the final months of the season, going without a goal or an assist in his last eight Premier League games.
However, Gerrard - Coutinho's former teammate at Liverpool - recently said he was eager to extend the attacker's stay despite his recent struggles.
The transfer fee means Barcelona will absorb a massive financial hit after agreeing to sell Coutinho for a fraction of the £106 million they paid to sign him from Liverpool in 2018.