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Report: Tottenham reject Philippe Coutinho with loan set to cost £40m

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Tottenham Hotspur reportedly turned down the chance to sign Philippe Coutinho during the summer transfer window.

Philippe Coutinho of FC Barcelona during the UEFA Champions League Semi Final second leg match between Liverpool and Barcelona at Anfield on May 7, 2019 in Liverpool, England.

Tottenham backed away from a potential loan deal for Barcelona star Philippe Coutinho in the final stages of the summer window once they learnt that they would need to pay £40 million to take the Brazilian for the season, according to a report from the Sunday Mirror (11/8; page 72).

Spurs enjoyed an exciting summer that saw Mauricio Pochettino land three permanent signings, while Giovani Lo Celso arrived on loan on transfer deadline day.

There was a spell during the window when Coutinho was linked with a potential return to the Premier League and a move to Tottenham Hotspur Stadium.

The former Liverpool man has endured a disappointing spell at the Nou Camp, and the Sunday Mirror reports that Barca had been working to offload the 27-year-old, who cost £130 million. However, it appears that a potential move to Spurs was off the table almost as soon as Daniel Levy learned the cost of a deal.

Philippe Coutinho of FC Barcelona in action during the Spanish Copa del Rey Final match between Barcelona and Valencia at Estadio Benito Villamarin on May 25, 2019 in Seville, Spain.

The Sunday Mirror (11/8; page 72) reports that Barcelona were demanding £30 million as a loan fee, while Coutinho’s wages meant that Tottenham would need to pay a further £10 million just to take the playmaker for the season.

Coutinho could have been a good addition for any Premier League side had he been able to rediscover the form that persuaded Barcelona to pay a nine-figure fee, as long as the La Liga side demanded a much lower loan fee.

It is no surprise that Spurs backed away from talks once they heard Barcelona’s terms. And it does not look like a decision that they are going to rue as the season gets into full swing.

Mauricio Pochettino, Manager of Tottenham Hotspur gives his team instructions during the Premier League match between Tottenham Hotspur and Aston Villa at Tottenham Hotspur Stadium on...