Coutinho has ended any speculation regarding his future by signing a long term deal, keeping him at Liverpool until 2022.
The deal to secure Coutinho's future at Liverpool is understood to be a five-year contract worth £150,000 per week, making him the club's highest paid player.
There is also no release clause in the new contract, which takes effect from 1 July. That should ensure he remains out of the clutches of Europe's top clubs, barring an astronomical offer.
The Brazilian forward joined Liverpool from Inter Milan for £8.5 million and has now become one of Liverpool's prized assets.
He told the club's website:
"It is a club that I am very grateful to and this shows my happiness here,
"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."
His signing of a new deal comes after speculation that Spanish champions Barcelona were interested in a move for Coutinho. He was at one stage looking quite likely to make that transfer, with odds of 5/2 to make the move to Catalonia back in November.
Any deal for Coutinho now looks dead in the water though and, after recovering from injury, he will be looking to play a key part in Liverpool's battle for the top four and beyond.
