Bayern Munich's manager, Arne Slot, and his team have made significant investments this summer, spending over £300 million. The club is expected to make further purchases, including the potential sales of Darwin Nunez, Federico Chiesa, and Harvey Elliot. Diaz's departure from Liverpool will be a significant loss for the club, as he has scored 41 goals in 148 appearances since joining in January 2022.

Diaz is currently with the Liverpool squad in Tokyo, preparing for a friendly match against Yokohama Marinos on July 30th. However, he will leave the squad to undergo his medical examination on Tuesday. The medical examination will be followed by Diaz signing a contract with Bayern Munich until 2029, with an option for an additional year.

Bayern Munich has agreed to pay a fixed fee of €70 million, with the possibility of additional bonuses up to €5 million. Agents Christian Wein and Raul Pais Da Costa from the agency AS1 played a crucial role in facilitating the deal. Diaz's signing is expected to strengthen Bayern Munich's squad, particularly after Jamal Musiala's injury, which will keep him out for the first half of the season.

Diaz's move to Bayern Munich marks a significant development in the transfer market, with the club's commitment to recruiting top talent evident in their pursuit of the Colombian winger.