First offer turned down? 

Bayern Munich are interested in signing FC Barcelona midfielder Philippe Coutinho (photo), a spokesman of the Catalonian club told Süddeutsche Zeitung. It is unclear how far negotiations for a possible transfer of the 27-year-old are advanced, however.

Barcelona-based newspaper Mundo Deportivo reported earlier that Barça had turned down a first loan offer for the Brazil international from Bayern. It is understood that neither the Spanish titleholders nor Coutinho himself were interested in the initial proposal. The Bavarians have time until the transfer window closes on September 2 to improve their bid.

Coutinho to join on terms similar to James deal?

According to Mundo Deportivo, Bayern want to sign the player on an initial two-year loan deal with an option to buy afterwards, based on the model of the transfer of James Rodríguez, whom the German record champions acquired from Real Madrid in 2017. They paid a loan fee of £11.7 million for the 28-year-old Colombian, but passed on the £39 million option to sign him permanently this summer.

Coutinho joined Barça from Liverpool for over £130 million in January 2018. At the Catalans, he failed to become an undisputed starter and is rumoured to leave the club for several weeks now. Last season, Coutinho was directly involved in 16 goals in 54 matches in all competitions.

PSG could be interested in Neymar swap

There is also speculation about Coutinho being involved as a makeweight in a possible Neymar (27) transfer. Barcelona currently work on his return from Paris Saint-Germain. Persons in charge of Barça are currently in the French capital, as pictures from TV station La Sexta prove. Marca report that PSG want more than £230 million for Neymar. The only player, PSG would reportedly accept in a swap deal is Coutinho. His agent arrived in Paris on Tuesday, according to Brazilian TV station Esporte Interativo.

Bayern's squad sorted by market values

Bayern’s squad sorted by market values