It has been officially confirmed that Luis Diaz has signed for Bayern Munich from Liverpool.
The transfer was announced on Wednesday, July 30, 2025.
He has signed a contract with the Bundesliga champions until 2029 for a reported fee that could rise to 75 million euros.
Bayern CEO Jan-Christian Dreesen stated that they have succeeded in bringing in "one of the best left wingers in the Premier League."
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 £58.5m (€67m), but the Bundesliga champions returned with a second offer of £65.5m (€75m) including add-ons.
The Reds accepted the offer after securing what the club considers to be full market value.
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 £130m from sales this summer.
They rebuffed Bayern's initial approach for Diaz but the money on offer was considered too good to reject for a player that turns 29 in five months.
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.