Bayern Munich has agreed to a loan deal with Barcelona for Philippe Coutinho.

Bayern will pay Coutinho's full salary for the season and have the option of making the deal permanent next summer for €120 million.

"All parties have agreed not to disclose any financial details of the agreement." However, Barcelona included details of the loan fee and price to make the deal permanent in their announcement.

"For me, this move means a new challenge in a new country with one of the best clubs in Europe," Coutinho said after completing the move. "I'm very much looking forward to that. Like FC Bayern, I have big ambitions and I'm convinced that I can achieve them together with my new teammates."