Newly-crowned Bundesliga champions Bayern Munich have confirmed the signing of winger Leroy Sane from Manchester City for a fee that could rise to €60m and also includes a 10% sell-on clause.

Signing a five-year contract with the Bavarians, the 24-year-old was unveiled as a new player earlier in the day, but will not be able to play for his new club until the next season. That means he will be unavailable for selection for the rest of Bayern's Champions League campaign and also for their Saturday's German Cup final against Bayer Leverkusen in Berlin.

It is being quoted that Sane will earn close to €22m a year, which is almost double of what City were offering while handing him a new deal. The winger, however, rejected as many as three contracts from the Cityzens in order to return to Bundesliga.

Sane, who moved to City from Schalke for £37m in 2016, was a subject of a three-digit million euros bid from Bayern last year, but the Bavarians pulled out when he suffered a serious knee injury in August which sidelined him until February.

"With Serge Gnabry, Kingsley Coman and Leroy, we are now very well occupied at the highest level on the wing -- positions that are important for our game," said Bayern sports director Hasan Salihamidzic.

With that being done, Sane has become Bayern's third new signing of the summer following the arrivals of teenage defender Tanguy Nianzou Kouassi from Paris Saint-Germain and goalkeeper Alexander Nuebel from Schalke, both of which were free transfers.

And to the news, this is how the fans reacted: