Liverpool have completed the signing of Thiago Alcantara from Bayern Munich in a deal which could cost the Reds up to £27 million ($35m).
Jurgen Klopp’s side will pay an initial £20m ($26m), with the Spain international midfielder having signed a four-year deal.
He becomes the Reds’ second signing of the summer, following the arrival of Kostas Tsimikas from Olympiacos, and brings to an end months of speculation about his future.
Thiago, who will wear the No.6 shirt at Anfield, had long been linked with a move to Merseyside, but Liverpool had remained tight-lipped on reports in Germany that the 29-year-old had chosen the Premier League champions as his next club.
Jurgen Klopp, a known admirer of the player, had refused to dismiss the speculation during a press conference earlier this month, but it is understood the Reds boss has been the driving force behind the deal, believing the former Barcelona man will play a key role as his side look to defend their league crown and compete for Champions League glory.
Talks accelerated quickly this week , with the Reds agreeing an initial £20m (€22m/$26m) fee with Bayern, to be paid over the course of Thiago’s contract.
A series of performance-related add-ons have also been agreed, dependant on both Liverpool’s success as a team, and the impact Thiago has personally in England. The total of the deal could eventually rise to close to £27m, if all criteria is met.
Thiago will not feature for Jurgen Klopp’s side at Chelsea on Sunday, but could make his Reds debut in the Carabao Cup against League One outfit Lincoln next Wednesday.