The Premier League club confirmed they had agreed a permanent deal to sign the Brazilian playmaker having brought him in on loan in January, with the 29-year-old signing a four-year deal.
Now, The Telegraph reports that Coutinho has taken a cut of over 70 per cent in order to complete the move – his £470,000-a-week wage at Barca has now gone down to around £125,000-a-week.
Philippe Coutinho has completed a permanent switch to Aston Villa from Barcelona
Coutinho arrived in January on loan after being deemed surplus to requirements at Barcelona
The report details that Coutinho agreed to the decrease such was his desire to return permanently to English football.
It added that Steven Gerrard is targeting a major revamp of his squad this summer, with Leeds midfielder and England international Kalvin Phillips a leading target.
Gerrard believes the signing of Coutinho will attract more big-name players to Aston Villa this summer.
‘I’ve only experienced one window at Villa but I remember sitting down with Lucas Digne in January and him saying: “What’s happening with Coutinho?”‘ said Gerrard.
‘Players ask questions. They want to know who they are going to be playing with, and they want to play with good players.
‘If we are going to achieve things, players want to know they are going to be doing it with other good players. That’s the way it is.
Aston Villa boss Steven Gerrard (left) expects the Brazil international to get even better
‘Philippe is still in his prime. When he came here he wasn’t really match fit and it was always going to take time for him to settle but he will be a big player here in the coming years.’
Gerrard also said: ‘To have him here full-time and settled, he’ll go up another level because that feeling of knowing where he’s going to be playing his football for the next four years will help him settle.
‘He’s a player that needs to feel wanted; he needs to feel support.