Bayern Munich officially announced the signing of Manchester United target Renato Sanches from Benfica on Tuesday in a deal worth up to €80 million.
The 18-year-old has agreed a five-year contract with the Bundesliga champions after completing a medical in Munich on Monday.
"Renato Sanches has been observed by FC Bayern over a long period," CEO Karl-Heinz Rummenigge said in a media release.
"We are fortunate to have him committed to our club in spite of well-known international competition."
Benfica later confirmed that the initial fee of €35m could rise to €80m, with an addition €45m depending on success-related bonuses.
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