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Bundesliga champion Bayern Munich has unveiled Luis Diaz as a new signing in Germany, with Liverpool set to pocket up to $88 million (£66 million) for the Colombian.

Diaz joined the Reds in January 2022 and went on to score 41 goals for the club, helping to win the Premier League title under Arne Slot.

The deal that has been agreed means that Liverpool has made a profit of around $30 million (£23 million) on what it paid to sign Diaz from FC Porto three and a half years ago.

Luis Diaz during a Liverpool training session.

Diaz exited the Liverpool training camp in Japan on Monday, landing in Munich on Tuesday for his medical examinations.

He had already said his goodbyes to the teammates that he left behind and later signed the necessary documents to complete the switch.

Pressed on whether he had spoken to Diaz about a potential exit to Bayern Munich, Slot added: "I’m used to talking to most of my players on a regular basis.

"Like I said, Lucho is training really well and we’ve decided that he’s not playing at the moment in the games.

The new Premier League season kicks off with Liverpool hosting Bournemouth at Anfield on August 15.

Liverpool.com says: It is a shame for Diaz to be moving on, but Liverpool has got a good deal