Bayern Munich have confirmed the signing of Thiago Alcantara from Barcelona.
Champions League and Bundesliga holders Bayern announced the news on their official Twitter account on Sunday evening.
OFFIZIELL: Transfer von Thiago Alcantara (22) von Barcelona zum FCB perfekt! Bayern zahlt für Guardiolas Wunschspieler 20 Mio. ^M.Hörwick— FC Bayern München (@FCBayern) July 14, 2013
Thiago, 22, is set for a medical with Pep Guardiola's side ahead of penning a four-year contract at the Allianz Arena, having been targeted by Manchester United this summer.
Bayern outlined on their official website that they met a release clause of €25 million to reunite Thiago with former Barca coach Guardiola, who gave the midfielder his debut at Camp Nou in 2009.
A statement read: "FC Barcelona and FC Bayern Munich have reached an agreement over the transfer of the player Thiago Alcantara to the German club for a total of €25 million.
Chairman Karl-Heinz Rummenigge added: "Thiago Alcantara was the biggest wish of our new coach Pep Guardiola. We are pleased that we have succeeded in this great transfer.
"Thiago has only just been named the best player at the European Under-21 Championship. He is a fantastic player with great perspective, which will strengthen Bayern."