La Liga giants Barcelona are ready to count their losses on Philippe Coutinho, as they’ve placed him on the transfer market for a potential loan move to England.

Arsenal and Newcastle are the two English teams Barça are offering the Brazilian playmaker to, Barcelona are doing this in other to trim the squad and also provide funds that would enable them to capture the signature of Lautaro Martinez from Serie A side Inter Milan.

The former Liverpool man’s future at the Camp Nou has been bleak as he hasn’t produced the eye-catching performances that made Barça sign him. And it’s been clear for a while now that Brazil number 11 isn’t going to continue playing football in the city of Barcelona.

Coutinho joined Barcelona Football club from English Champions Liverpool during the 2017/2018 winter transfer window.

Philippe was shipped out on loan to Germany in the summer of 2019 to join German giants Bayern Munich for a season and also giving them the offer to sign him on a permanent basis due to his inability to produce mouth watering performances. But his time with the Bavarians didn’t go as planned resulting in him heading back to his parent club.

In the 28-year-olds season-long loan at Bayern Munich made 30 appearance scoring five goals and turning provider on seven occasions.

The Blaugrana are setting sights on making another deal happen, with the Liga giants committing itself to reduce its salary structure to a sizeable one for the 2020/2021 term.

Barcelona have resigned to struggling in other to find a club that’d be able to fund Coutinho’s wage and a reasonable transfer fee.

The German champions didn’t exercise their option to purchase the Brazilian before he ran out of contract. Bayern Munich‘s act has paved way for others to make a move, and Barcelona hierarchy believe that Premier League return for Coutinho would be the best option.

Barcelona is already searching for a possible new home. Arsenal and Newcastle have both been linked heavily with the midfielder early this year.

Neither of the teams have made an offer yet, Arsenal and Newcastle continue to ponder over the terms of the deal.

A loan agreement might be what the suitors are willing to propose to Barça, and Barcelona themselves are not saying No to such deal, with all offers set to be considered.

The Five time Champions League winners have accepted their fate to lose money on Coutinho in, having purchased him for a staggering €120 million (£109m/$136m) and getting him off their books is their aim at their aim though the fee might not be as much as they paid for him.

His sale would definitely make way for the coming of Argentine striker Lautaro Martinez who’s almost at the valuation of what Barcelona paid for Philippe Coutinho in 2018.