Transfers: Philippe Coutinho to force Liverpool exit as Real Madrid end interest in Manchester United star

After a long, long summer, the Premier League is finally back!

Arsenal beat Leicester on Friday night at the Emirates to kick off what promises to be another season of entertainment.

Still, the transfer market remains very much alive and kicking ahead of deadline day later this month.

Barcelona remain fixated on landing Liverpool playmaker Philippe Coutinho, though the Reds are insistent their prized possession is not for sale.

Arsenal look no closer to resolving the Alexis Sanchez saga while Antonio Conte‘s search to strengthen his ‘small’ squad continues.

Further abroad, PSG are said to be closing in on Monaco’s Kylian Mbappe in a £163m deal – a mere week after forking out nearly £200m for Neymar.

Another day in the summer transfer window… follow the latest deals and reports below!

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Jurgen Klopp has hinted that Liverpool will not let Philippe Coutinho leave the club to join Barcelona because it is too late in the transfer window to replace him. The Reds have so far rejected two approaches from the La Liga giants for the playmaker and were forced to release a statement on Friday morning insisting they would not let Coutinho leave the club.

Here are the stories making the back pages this morning:
Liverpool priced Brazil international Coutinho at 150m euros (£136.5m) during negotiations this week. (Daily Record)
Borussia Dortmund and France forward Ousmane Dembele remains Barcelona’s top target, with the Spanish side set to return with an improved 140m euro (£127m) bid for the 20-year-old. (AS)
If Barcelona fail to sign Dembele or Coutinho, they could pursue 28-year-old Inter Milan and Croatia winger Ivan Perisic, who is a long-term target for Manchester United. (Sport Italia via Football Italia)
Paris St-Germain midfielder Angel di Maria, 29, has emerged as a surprise target for Barcelona as they seek to replace Neymar following his move to the French club. (Sport)
PSG have offered 18-year-old forward Kylian Mbappe an annual salary of 18m euros (£16.4m) over five years to convince him to leave Monaco. (L’Equipe – in French)
Mbappe is keen on a move to PSG but no deal has been reached and the transfer may not happen this summer. (ESPN)
Real Madrid and Spain midfielder Isco, 25, now has a release clause of 700m euros (£637m) after signing a four-year deal with the option of a further season. (AS)
Real Madrid have ended their interest in Chelsea goalkeeper Thibaut Courtois, 25, and Manchester United counterpart David de Gea, 26. (Don Balon)

Good morning and welcome to The Independent‘s live transfer coverage for Saturday 12th August!
Keep with us throughout the day to stay up-to-date with all the latest transfer news, gossip, rumours and updates from the Premier League and around the rest of Europe. 

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