Bayern Munich confirm Julian Nagelsmann as their manager after Hansi Flick terminates his deal

Bayern Munich have confirmed that Julian Nagelsmann will take over as manager. It's been gathered Nagelsmann will be officially become their manager from 1 July in a deal that makes him the Bundesliga’s most expensive manager, with RB Leipzig receiving compensation that could rise to €25m (£21.7m).

Bayern and Leipzig confirmed on Tuesday that a deal for Nagelsmann was done. The 33-year-old is in his second season at Leipzig, who look set to finish runners-up to Bayern. Last season he led the team to the Champions League semi-finals, where they lost against Paris Saint-Germain, and third place in the Bundesliga.

“Julian Nagelsmann represents a new generation of coaches,” said Bayern’s president, Herbert Hainer, on Tuesday. “Despite his young age, he already has an impressive CV. We are convinced that with Julian Nagelsmann, we can continue the magnificent successes of recent years.”

Nagelsmann said he would “leave RB Leipzig with a heavy heart” and identified the Champions League semi-final as the highlight of his tenure. “It was a moment that I’ll never forget,” he said. “We’re currently enjoying the best Bundesliga campaign in the club’s history too. We want to make sure it ends up our best finish and then also lift a major trophy for the first time.” Leipzig play Werder Bremen on Friday in the German Cup semi-finals.