Report: Atletico Madrid line up Philippe Coutinho move

Atletico Madrid are reportedly preparing a January swoop for Liverpool playmaker Philippe Coutinho.

The Brazilian signed for the Reds in the winter transfer window and has established himself as a key player at Anfield.

However, Atleti are ready to make the Reds an offer to take him to La Liga in the New Year, according to The People.

It has been reported that the forthcoming bid is dependent on the Madrid outfit's successful qualification to the knockout stages of the Champions League.

The 21-year-old will miss Liverpool's trip to Sunderland today as he is currently recovering from shoulder surgery.