Bayern Munich has officially signed Liverpool winger Luis Diaz in a deal reportedly worth up to €75 million ($86.5 million). The Colombian international completed his move from the Premier League champions, signing a contract with the Bundesliga club until 2029.

• The transfer fee for Diaz is the third-highest in Bayern's history.
• Diaz, 28, accumulated 50 appearances, 17 goals, and 8 assists for Liverpool last season.
• Bayern CEO Jan-Christian Dreesen described Diaz as "one of the best left wingers in the Premier League" and a player who "brings real player character."
• Diaz's signing provides a replacement for Germany forward Jamal Musiala, who is out with injury.