Liverpool’s Brazilian forward Philippe Coutinho has signed a new five year contract with the club.

The 24 year old will earn £150,000 per week, highest in the club.

It is understood that the contract has no buy-out clause.

“It is a club that I am very grateful to and this shows my happiness here,” Coutinho told Liverpool’s official website.

“I signed this new contract to stay here for a few more years because it’s a great honour for me.

“It gives me great happiness because I was welcomed here with open arms by everyone at the club and the supporters right from my first day.”

Coutinho joined Liverpool in 2013 for a £8.5m transfer fee from Inter Milan.

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