Steve McManaman believes Liverpool should consider re-signing former midfielder Philippe Coutinho, just two years after the Brazilian left Anfield.

Coutinho joined Barcelona for a reported £142m in January 2018 after spending six years on the red half of Merseyside.

The Brazilian is officially a Barcelona player, but is currently on a season-long loan at German side Bayern Munich.

The 27-year-old has rediscovered some of his form from his Liverpool days in Munich, scoring six times in 12 games in Bundesliga.

Another former Reds midfielder McManaman believes Liverpool should consider a move for Coutinho, with rumours that Xherdan Shaqiri and Adam Lallana leaving Anfield at the end of the season.

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"I wouldn't mind seeing Coutinho back. He is a brilliant player but a lot of it is just down to economics," McManaman said on his column for HorseRacing.net.

"If they can bring Coutinho back for a reasonable fee and potentially sell a couple of players who aren't playing regularly, then that could work. There are rumours that Xherdan Shaqiri may leave at the end of the season, and Adam Lallana may want to play more often.

"If there's space available then I'd certainly like Coutinho back, as he was a wonderful player for Liverpool. He's that type of player that when plan A isn't working, he can change the game.

"He scored some incredible goals for Liverpool and though he'd have to win the fans over after he asked to leave, I think that most fans would recognise how good he was for Liverpool.

"He seems to have lost his way a bit at the minute, he needs a bit of TLC and an arm around him, doesn't he? So if he wants to come back to Liverpool and the deal was good then I'd have no qualms taking him back because he's a lovely player."

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McManaman also commented on Jadon Sancho, who has been linked with a move to Anfield in the summer.

However, the 47-year-old believes a move to Liverpool for the Borussia Dortmund winger may not be the best for both parties.

"Sancho would probably want to go somewhere and start week-in and week-out and there's no problem with that," McManaman said.

"The other thing is the cost implications. How much is he going to cost. No doubt, he's an extremely bright prospect, he's doing really well in Dortmund, he plays regularly and he's a star there."