Serge Gnabry has signed a three-year deal with Bayern Munich after activating an exit clause within his Werder Bremen contract.

Update: Bayern Munich confirmed the move shortly after this post was published.

In a statement on their site, they said, “FC Bayern München have agreed with SV Werder Bremen on a transfer from Serge Gnabry. Gnabry, 21, will receive a three-year contract with FC Bayern.

“Karl-Heinz Rummenigge, the Chairman of the FC Bayern Munich Board of Management, said: “We are delighted to see another young German national player in FC Bayern in Serge Gnabry. Serge has developed very well in Bremen. “

“Serge Gnabry says: “It is a great honor to be part of FC Bayern. Before me lies an exciting time, which I am very much looking forward to. “

“Last season, Gnabry scored eleven goals for the SV Werder, with the German Olympic team winning the silver medals in Brazil in 2016, and with six goals the best scorer of the tournament.”

When Gnabry left Arsenal last season there were strong rumours that Bayern Munich were funding the move and that they were attempting to use Werder in order to keep the price for the player down.

This was strongly denied at the time although Arsene Wenger believed that the German giants were involved.

Now, Bild are reporting that Gnabry has signed a three-year deal with Bayern Munich with an exit fee of €8m being paid. Arsenal sold Gnabry for £4.25m so are unlikely to benefit much from any sell-on fee. Hopefully they have included a two-move sell-on.

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Just before Gnabry signed for Werder Breman, his dad confirmed that he had signed for Bayern Munich.

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Writer. Feminist. Dreamer. Gooner. Owner of DailyCannon.com, writing about Arsenal since 2008. Sometimes found in the Guardian, Vice.com & elsewhere talking queer issues, politics & football. If in doubt, assume sarcasm.