Bayern Munich have confirmed the transfer of teenage midfielder Renato Sanches from Benfica. The club confirmed he will sign a five-year deal until 2021 and they will send €35 million to the Portuguese club.
Manchester United was a strong contender to land Renato Sanches, and Benfica president Luis Felipe Vieira was reportedly in Manchester at the end of April. However, upon the completion of his physical on Monday, the teenage midfielder decided to join the team that knocked his side out of the Champions League quarterfinals.
"FC Bayern was already observing Renato Sanches for a long time," Bayern chairman Karl Heinz Rummenigge said in a club statement. "We are happy to acquire him for our club despite the big-name international competition. Renato is a dynamic, tackle-strong and technically experienced midfielder that will strengthen our team."
Renato Sanches becomes the most expensive teenager Bayern have ever acquired. Kingsley Coman was the previous record when he joined Bayern on a €7 million loan in August. Bayern confirmed the midfielder's deal also has bonus payments as well; though club deputy chairman Hans-Christian Dreesan denied to give a precise figure, the fee reportedly could reportedly climb to €80 million should Renato Sanches be named to the FIFA/FIFPro World XI or win a Ballon d'Or.
Though only 18 years old, Renato Sanches has already made 34 first-team appearances for Benfica. He also made his debut for the Portuguese national team in March. He appeared in both legs of the Champions League quarterfinals against Bayern, and he apparently impressed his opponents with two solid performances.
"He's by far and away one of the best young players in Europe," said Bayern coach Pep Guardiola after the quarterfinals. "He has a lot of quality and personality, and he runs a lot. He's got a great future ahead of him."