Arsenal on Alert: 28-year-old Brazilian midfielder open to make move Premier League

EPL outfits Newcastle United have reportedly identified Barcelona midfielder, Philippe Coutinho, as their first big-money addition, they wish to make under their new Saudi-led ownership.

It was confirmed on Thursday that a Saudi Arabian-backed takeover of Newcastle United was completed, ending Mike Ashley’s 14-year spell as the club’s owner.

The consortium, fronted by financier Amanda Staveley, are set to make substantial funds available to spend on new players in the upcoming transfer windows and are already drawing up a shortlist of potential targets.

Spanish outlet claims that Coutinho’s agents held talks with Newcastle’s new owners earlier this year, months before their first takeover attempt.

The report also claims that the 29-year-old would be interested in a move to the North East and a return to the English toptier, four years after departing from Liverpool to join Barcelona.

Coutinho has endured a difficult spell at Nou Camp following to injury and after falling out of favour under current manager Ronald Koeman.

The South American forward, who has also been rumoured with the likes of Tottenham Hotspur and Arsenal, has played 96 games across all competitions for La Liga giants, Barcelona, founding back of the net 23 times and providing 14 assists.