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Arsenal 'offered chance to sign Philippe Coutinho for just £9MILLION... in swap plus cash deal which could involve exiled Gunners midfielder Matteo Guendouzi heading to Barcelona'

Arsenal have reportedly been offered the opportunity to sign out-of-favour Barcelona playmaker Philippe Coutinho this summer, in a deal which could cost the Gunners as little as £9million.

Coutinho is still on loan at Bayern Munich as the Bundesliga champions prepare for the resumption of the Champions League next month, but the German side have passed up the opportunity to sign the Brazilian permanently.

With a reintegration into the first-team at the Nou Camp unlikely, Coutinho has been offered a return to the Premier League with both Arsenal and Tottenham, but a deal with Mikel Arteta's side now looks more likely.