Bayern boost firepower with signing of Reds striker Diaz on 4-year contract

Bayern Munich on Wednesday signed forward Luis Diaz from English Premier League (EPL) champions Liverpool for a fee that could reportedly rise to 75 million euros ($86.5 million).

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The Colombian winger, who won the Premier League, FA Cup and two League Cups during his three-and-a-half years at Anfield, has signed a contract with the Bundesliga champions until 2029.

The fee paid for Diaz, which includes add-ons, is the third-highest in Bayern's history.

Diaz, 28, said in a statement on the club's website that he was he was "very happy" to be joining the 34-time German champions.

"It means a lot to me to be part of FC Bayern," he said. "They're one of the biggest clubs in the world. I want to help my new team with my way of playing football and my character.

"My goal is to win every possible title, and that's what we'll work for every day as a team."

Writing on Instagram, Diaz said he would "treasure forever" his time at Liverpool, adding he was "proud of everything we achieved together".

He mentioned his late teammate Diogo Jota, who died in a car crash in Spain earlier this month.