Leroy Sane is on his way to Bayern Munich in a deal worth up to £54.8million to Manchester City.
Sane, who was out of contract at City next summer, will undergo a medical in Munich today ahead of signing a five-year deal with Bayern.
City and Bayern reached agreement last night over a fee for Germany international Sane, 24, whose four-year spell with the Blues is now over.
Under the terms of the deal, Bayern will pay City £45m up front, with a further £9.8m payable on the completion of clause-related add-ons.
Sane will earn £385,000-a-week at Bayern, double what City were willing to pay him under the terms of their contract extension offer.
City also have a clause inserted within the deal that entitles them to 10 percent of any subsequent fee if Sane is sold on by Bayern.
After Sane rejected several contract extension offers, City accepted he had to be sold this summer, rather than leave as a free agent next year.
City believe they have negotiated the best possible deal for Sane, given his injury record, the fact he could have left as a free agent and the profit they have made on the £37m they paid Schalke for him in 2016.
Sane has missed most of this season after the winger suffered a serious knee ligament injury in the Community Shield last August, which put paid to a move to Bayern last summer.
And with Bayern stating their intention to pay just £35m for Sane a couple of weeks ago, City’s decision not to accept that figure has been vindicated, with the German champions having paid substantially more.
City believe the deal they have negotiated for Sane, in a transfer market distorted by the impact of the coronavirus pandemic, will prove to be one of the biggest deals of the summer.
In terms of the fee involved, the Sane deal is on a par with Chelsea’s £54m capture of Timo Werner from RB Leipzig and Paris St Germain’s signing of Mauro Icardi from Inter Milan for £52.6m.
City will look to use the proceeds from the sale of Sane to go towards a new centre-back, with Napoli’s £70m-rated Kalidou Koulibaly their first-choice target.