Bayern Munich have confirmed the signing of Barcelona midfielder Thiago Alcantara for a fee said to be around £21M. The 22-year-old will join the Bundesliga champion in a four year deal, subject to a medical.
The Under-21 Spanish international has been linked with the Premier league champion, Manchester United, but has now reunited with his former boss Pep Guardiola who currently manages the German club.
A statement on Bayern Munich’s website reads: "FC Bayern Munich and FC Barcelona have agreed terms for the transfer of 22-year-old Thiago Alcantara.
"In the course of the next few days, the Spain midfielder will travel to Munich for the obligatory medical before signing a four-year contract binding him to Germany's biggest club until 30 June 2017.
"The clubs have agreed a transfer fee totalling 25million euros. FC Bayern will directly pay 20million euros. The remainder will be financed by the proceeds of a friendly match agreed between the clubs. A further proportion of the remaining sum will be indirectly covered by Thiago Alcantara himself, as the player will forego part of his remuneration."
Bayern chairman Karl-Heinz Rummenigge also said: "Thiago Alcantara was the biggest wish of our new coach Pep Guardiola. We're delighted we've successfully negotiated this major transfer.
"Only recently, Thiago was named best player at the Under-21 European Championship. He's a fantastic player with huge potential, and he will make FC Bayern stronger." He added
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