The Brazilian arrived with the option to buy for €120 million but the Bavarian outfit have opted not to exercise the deal.
Bayern Munich chairman Karl-Heinz Rummenigge revealed the Bundesliga champions have not activated their purchase option for Philippe Coutinho and the clause has now expired.
Coutinho joined Bayern on a season-long loan deal from La Liga holders Barcelona at the start of the 2019-20 campaign but he has struggled to establish himself in Munich.
The Brazil international arrived with the option to buy for €120 million (£107m/$131m) but Bayern have opted not to exercise the deal, though Rummenigge did not close the door on Coutinho.
“The option expired and we haven’t activated it,” Rummenigge told German magazine Der Spiegel.
“We’re going to plan our squad for next season and we’ll see if he still has a role to play with us or not.”
Coutinho has failed to live up to the hype since swapping Liverpool for Barca in a blockbuster transfer in 2018.
The 27-year-old has scored eight goals and set up another six goals in 22 Bundesliga matches for Bayern this season, which has been disrupted by coronavirus.
As Bayern reportedly eye Bayer Leverkusen star Kai Havertz and Manchester City’s Leroy Sane, Coutinho does not appear to be at the top of the club’s list.
But the ex-Liverpool star’s agent, Kia Joorabchian, said this week that the player’s future is yet to be decided and the likes of Chelsea and Manchester United have been linked.
German football association (DFB) president Fritz Keller recently called for the introduction of a cap on players’ wages and for the figures to be published to spark a public debate about money in the Bundesliga.
Rummenigge is against that idea, however, as he feels it would be unfair on players and benefit no one.
He added: “That would only spark a jealous debate. It’s well known that the players make a lot of money, but if we published them, we would have a weird discussion among Bundesliga teams and in public. Who would benefit?
“Mr. Keller called me on Tuesday morning and we agreed that we would meet in a timely manner. There may have been cases in the past where players have not behaved in an exemplary manner. But to question a whole profession as a whole is too short for me.”
