Benfica midfielder Renato Sanches agrees to join Bayern Munich

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Renato Sanches, the Benfica midfielder reportedly targeted by three Premier League clubs, has joined Bayern Munich.

Several national newspapers linked the 18-year-old with Arsenal, Manchester United and Liverpool in the January transfer window.

But German giants Bayern have completed a deal for Sanches, who will move to Munich in the summer for an undisclosed fee.

Speaking of the transfer, Bayern chief executive Karl-Heinz Rummenigge said: "Renato Sanches is a dynamic, technically-gifted midfielder who is strong in the tackle and will strengthen our squad."

Sanches signed a new contract at Benfica in November, which contained a release clause which would be triggered by a transfer offer of £35m (45m euros).

Barcelona had also been reported to have been interested in the player, seeing him as the long-term replacement for Sergio Busquets.