Bayern Munich chairman Rummenigge confirmed that the club has agreed to a transfer with Liverpool for midfielder Thiago Alcantara.

“I can confirm that Bayern has finally agreed to terms with Liverpool,” Rummenigge told German daily Bild. “It was Thiago’s big wish to once more do something new before the end of his career.”

It is understood Liverpool will pay an initial fee of 20 million pounds ($26 million) for the player, who has one year remaining on his contract at European champions Bayern, with more to follow in add-ons.

Thiago was missing from Bayern Munich’s training session on Thursday, according to media reports, the midfielder having stalled over signing an extension with a year left on his current contract.

The Spanish international joined Bayern from Barcelona in 2013 and played in last month’s Champions League final victory over PSG.

It had been reported a potential move for Thiago was being held up by uncertainty over the future of Liverpool’s Dutch midfielder Georginio Wijnaldum.

The Dutchman, who is in the final year of his contract, has been linked with FC Barcelona.

Liverpool has decided to make their move for Thiago now with Manchester United also chasing the Spanish midfielder.

Thiago Alcantara would be Liverpool’s 2nd signing of the transfer window and a more significant acquisition than that of Greece left-back Kostas Tsimikas, who was bought to provide cover for Andy Robertson.

Read More: ‘Tokyo Games to decide Covid-19 counter-measures by end of year’