Arsenal and Chelsea in Barcelona contact for cut-price Coutinho

Arsenal and Chelsea are chasing a deal for Barcelona midfielder Philippe Coutinho.

The Sun says the Brazilian midfielder is out on loan at Bayern Munich for the season, but they have decided not to sign him permanently.

Barcelona have struggled to find an outright buyer for Coutinho, as they look to claw back some of the £142million paid to the Reds in 2018.

He is available on another season-long loan, or a deal for around £75m could be struck.

Interested clubs, which include Manchester City, would also only have to pay around half of his £290,000-a-week wages.

The coronavirus pandemic has seen fees slashed, and club's targets change with all of Europe's top five leagues on hold.

And the Gunners and Chelsea are interested.