The La Liga club say they will receive an upfront loan fee worth £7.78m from Bayern, who will also be paying the Brazil midfielder’s wages.
Coutinho, who will wear the No 10 shirt at Bayern, underwent a medical on Sunday.
“For me, this change represents a new challenge in a new country at one of the best clubs in Europe,” said Coutinho.
“I am really looking forward to this. I have big goals like Bayern, and I’m sure I can do it with my new team-mates.”
Bayern’s CEO Karl-Heinz Rummenigge said: “We have been working with Philippe Coutinho for some time and are very happy that we were able to realize this transfer now.
“Our thanks to FC Barcelona for agreeing to this transfer. In Philippe, a player comes to FC Bayern, who will strengthen our offensive with his creativity and excellent technique.”
Barcelona signed Coutinho from Liverpool only 18 months ago for a fee believed to be worth £146m.
An Entrepreneur, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). In 2015, he won a £35,000 postgraduate scholarship to study MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morganview all posts by: Nana Kwesi Coomson
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