The 29-year-old, who joined the Catalan giants in a reported £142 million deal back in 2018, will join on loan until the end of the season.
"I don't think you get a nickname as a 𝗠𝗮𝗴𝗶𝗰𝗶𝗮𝗻 if you're not a special footballer." ✨
Steven Gerrard on Philippe Coutinho, who has agreed terms to spend the rest of this season on loan at Villa Park, with an option to buy. 🤝 pic.twitter.com/BFbxhGLxkR
It is believed Villa are paying less than 50% of Coutinho's weekly wage plus bonuses, according to Sky Sports, with an option to buy in place to aquire the attacking midfielder for £33 million this summer.
Oscar, who joined Shanghai SIPG in 2016, is believed to be of interest, with Barca already making contact with the player about a move - although progress has been difficult, according to Brazilian publication TNT Sports.
EXCLUSIVO! Segundo apuração do nosso @marcelobechler, o Barcelona procurou o meia Oscar, atualmente no Shanghai SIPG, da China! O contato foi feito no início do ano, mas a dificuldade financeira do time espanhol dificulta a negociação. 💰❌ E aí, acha que seria uma boa? 🤔 pic.twitter.com/ngKrg4QgHd— TNT Sports Brasil (@TNTSportsBR) January 10, 2022
The midfielder is currently under contract at SIPG until 2024 and if reports are to be believed, the Brazilian is earning a major pay packet in China, meaning Barcelona's financial situation could be a stumbling block.
But if they did manage to secure a deal to sign Oscar then the Spanish club would have a very capable player on their hands.
Since joining Shanghai, he has notched 37 goals and 73 assists in 113 appearances, and helped the club secure a Chinese Super League title in 2018.
Last year, Oscar revealed that he would like to retire at former club Chelsea.
"I think about finishing at Chelsea because I had good times before at the club," he told talkSPORT.
"Chelsea helped me a lot to improve and to do what I always dreamed [of], which was to play in the Champions League and they helped me to play in the World Cup and to win the Premier League.
"I have a lot of friends at Chelsea. If I have a chance to finish my career at Chelsea, it's a dream for me.
"Of course, Chelsea don't like to buy too many older players, which is normal because it's a top team from Europe, but I will try my best to be fit to finish there."
🙏 "It's a dream for me."
👍 "I have good times before at Chelsea. Chelsea helped me a lot to improve."
✅ "Chelsea don't like too many older players. But I'll try my best to be fit."@Oscar8 exclusively tells talkSPORT that he wants to retire at #CFC. 🔵 pic.twitter.com/VoZszFWLBZ
Do you think a deal to bring Oscar to the Camp Nou would be a sensible one?