Arsenal and Everton have been credited with an interest in signing Barcelona midfielder Philippe Coutinho this summer.

The Brazil international has two years remaining on his contract, but the Blaugrana are willing to cut their losses on him.

He is currently recovering from a knee injury, and Sport claims that the Premier League duo are keeping tabs.

Both Gunners and Toffees could make offers for the playmaker, depending on his recovery progress during pre-season.

The Gunners are searching for a creative midfielder, and Coutinho could be available for just €20 million this summer.

The Blaugrana owe Liverpool €20m if Coutinho makes 100 appearances for them. They are open to selling him for the same price.

The Toffees could compete with the Gunners for his services amid the uncertainty surrounding James Rodriguez's future.

The Colombian is on the radar of AC Milan and Atletico Madrid. He is opening to leave them after Carlo Ancelotti's exit.