Manchester City have agreed a fee with Bayern Munich for the transfer of Leroy Sane.
Sane’s contract with the Blues was set to expire next summer and Pep Guardiola confirmed the winger had rejected their offer of a new deal.
Bayern have courted Sane for over a year and will pay €49million up front with €11million in add-ons which takes the deal to £54.8m.
The 24-year-old will sign a five-year-deal worth €22m per year with the Bundesliga champions – double the amount City had offered in contract negotiations.
City have also included a 10 per cent sell on clause into the deal.
Bayern had aimed to pay around £30m for the former Schalke man but City have negotiated a significantly higher fee.
Sane will fly to Germany in the next 24 hours to complete a medical and won’t return to City if the paperwork for the transfer is completed.
MEN Sport understand the Blues are delighted with the deal as they have made a sizeable profit on a player with a poor injury record who would have left for next summer for nothing.
Guardiola recently said City would not seek to sign a replacement for the winger as the club have plenty of options who are capable on the left.
He said: “We have enough good players up front. Gabriel (Jesus) can play on the left, Phil Foden can play on the left, we have Raheem (Sterling) there. We have big, talented players up front.
“Most of them are in good healthy conditions, like Phil, Riyad (Mahrez), Gabriel, Raheem, they can play quite regularly for a long period of time, they are so stable in terms of injury situations. I think we have other priorities maybe
“And I don’t know, after the coronavirus, if the situation economically and financially for the clubs is changing. I don’t know what the situation is. We’re going to see at the end of this season.”