After weeks of speculation, Bayern Munich board member for sport Max Eberl was thrilled to have former Liverpool FC winger Luis Díaz in tow.

Bayern Munich have confirmed the signing of Colombia international Luis Díaz from Liverpool. Sources told ESPN the deal is worth €75 million ($88m), inclusive of add-ons. He becomes Bayern's third signing of the summer following the arrivals of Bayer Leverkusen's Jonathan Tah and Hoffenheim midfielder Tom Bischof.

For the third season running, Bayern Munich have splashed out on a player from the Premier League, this time Luiz Diaz from Liverpool. The Colombian was not their first choice, but does the deal make sense?