01/06/2018 09:27 EST | Updated 01/06/2018 09:44 EST

Barcelona says Liverpool agrees to Coutinho transfer

BARCELONA, Spain — Barcelona says that Liverpool has agreed to transfer midfielder Philippe Coutinho to the Spanish club.

Barcelona did not reveal the cost of the deal, but a person familiar with the details told The Associated Press on Saturday that the transfer is worth 160 million euros ($192 million).

The person spoke on condition of anonymity because they were not authorized to comment publicly about the deal, which would be a club record for Barcelona.

The transfer will make Coutinho one of the three costliest players in soccer history, after Paris Saint-Germain duo Neymar and Kylian Mbappe.

Barcelona has now reinvested the 222 million euro windfall it received from PSG following Neymar's world-record transfer to the French club in August.

Barcelona says that the 25-year-old Coutinho will sign a contract for the rest of the ongoing season and five more seasons.

America Votes
The latest polls, breaking news and analysis on the U.S. election from HuffPost’s Washington, D.C. bureau