Bayern Munich have completed the signing of Liverpool winger Luis Diaz for £65.5 million.
Bayern announced the signing on Wednesday.
Bayern beat Barcelona to the signature of Diaz, who leaves Anfield despite having two years left on his Liverpool contract.
Liverpool rejected Bayern’s initial advances and an offer believed to be in the region of £58.5 million (€67m), but the Bundesliga champions returned with a second offer of £65.5 million (€75m) including add-ons.
The Reds accepted the offer after securing what the club considers to be full market value.
Transfer: Liverpool to rival Newcastle for Ekitike as Atletico Madrid move for Ademola Lookman
Two separate attempts from Liverpool to agree a contract extension with Diaz failed due to a gap between offers and demands, and after the winger helped deliver the club’s 20th Premier League title, Liverpool reluctantly agreed to his request to leave.
The Premier League champions have now generated more than £130 million from sales this summer.
Diaz had expressed a desire to leave and, with two years left on his contract, Liverpool felt there was little chance he would sign a renewal.
Liverpool are set to make a profit of around £22 million on Diaz, who was signed from Porto in January 2022.
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