Bayern Munich have agreed a €75 million ($88m) deal to sign winger Luis Díaz from Liverpool, sources have told ESPN.

They earned £174.9 million in prize money for winning the Premier League last term and it was reported that the Merseyside giants have benefitted from FSG's decision to renew the £350m revolving credit facility which was due to expire this month.

Diaz was already in Bayern's shortlist on the left flank following the departures of Leroy Sane and Thomas Muller. Although the Bavarians had to pay a premium to lure the 28-year-old out of Merseyside, they have secured a quality winger to aid the likes of Harry Kane, Michael Olise, and Jamal Musiala.

Bayern Munich have re-engaged with Liverpool over the potential signing of Luis Diaz, as reported by The Athletic. Having seen an earlier offer of €67.5million (£58.6m) rejected, the German champions are now in continued discussions with the Merseyside club, signalling their ongoing desire to land the Colombian international.