Liverpool Signs Midfielder Philippe Coutinho From Inter Milan

Liverpool signed Brazilian midfielder Philippe Coutinho from Inter Milan, the Premier League soccer club said on its website.

Coutinho signed a “long-term” deal, Liverpool said without disclosing financial details. The transfer fee was

8.5 million pounds ($13.4 million), according to the Daily Telegraph.

“We’ve always heard about Liverpool’s history in Brazil,” said the 20-year-old, who’s made one appearance for the Brazilian national team. “They are the club that have been interested in me and that have showed this interest so I know they believe in me and my football.”

Coutinho scored five goals in 47 matches at Inter after joining from Brazil’s Vasco da Gama in 2010. He also spent time on loan at Spanish club Espanyol last year.

Coutinho is Liverpool’s second signing of the January transfer period, which ends tomorrow at 11 p.m. U.K. time, after striker Daniel Sturridge joined from Chelsea.

Before it's here, it's on the Bloomberg Terminal.