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Philippe Coutinho Signs New 5-Year Deal

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The Magician is now the club’s highest-paid player. And there’s no release clause.

Liverpool v Watford - Premier League
HE’S OURS!
Photo by Clive Brunskill/Getty Images

Well, that was quick. Just days after opening fresh contract negotiation talks, Liverpool threw all the money Philippe Coutinho, and the talented 24-year-old Brazilian duly put pen to paper.

Coutinho’s new deal will keep him at the club until the summer of 2022, and will reportedly make him the highest-paid player at the club, bringing in around £150,000 per week. It’s nearly twice as much as he was making on his previous contract, one which he extended just last February.

From the club’s perspective, the news is even better, as the new contract does not include a release clause. So, Barcelona, if you want our Magical Unicorn you’re going to have to shell out some serious dough (or cheddar, or clams, or whatever they use for currency in Catalonia).

Coutinho was his typical happy self in explaining why he signed the new contract, as if he didn’t also have 150,000 reasons per week to be happy.

“I am very happy to sign a new contract here,” Coutinho explained. “It is a club that I am very grateful to and this shows my happiness here. I will work much harder to repay the belief shown in me.

“I signed this new contract to stay here for a few more years because it’s a great honour for me. It gives me great happiness because I was welcomed here with open arms by everyone at the club and the supporters right from my first day. I am very thankful to this football club for everything.”

Jürgen Klopp might be sharing the fans’ frustrations about not being able to bring in targeted players during the winter transfer window, but this is a sign that the club is continuing to move in the right direction. At the very least this should keep our most talented asset at the club into, if not through, his prime.

There was no word on whether a pug clause was inserted into the contract.