Benfica midfielder Renato Sanches agrees to join Bayern Munich

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.