Bayern Munich have confirmed the signing of Colombia international Luis Díaz from Liverpool. Sources told ESPN the deal is worth €75 million ($88m), inclusive of add-ons. He becomes Bayern's third signing of the summer following the arrivals of Bayer Leverkusen's Jonathan Tah and Hoffenheim midfielder Tom Bischof.

Luis Díaz says he is ready to embrace the pressure of playing for Bayern Munich after completing his high-profile move from Liverpool this summer. The Colombian winger was officially unveiled at his first press conference in Munich on Thursday, where he expressed his delight at joining one of Europe’s most decorated clubs.

Revealing how the Germans finally made an offer Anfield chiefs could not refuse and the impact of this transfer for both clubs