Coutinho in for Liverpool but Everton's Fer deal is off

One big move on Merseyside went through today as Brazilian midfielder Philippe Coutinho completed an £8.5million switch to Liverpool, but Everton’s signing of FC Twente star Leroy Fer fell through.

Coutinho, 20, joined the Reds from Inter Milan but Everton pulled the plug on the Fer deal after failing to agree on renegotiated terms with the Dutch side following the knee problem that emerged during the medical.