Bayern Munich have signed Ivan Perisic on a season-long loan with an option to buy after the Croatian international missed out on a move to Arsenal in January.

Bayern confirmed the deal on Tuesday morning, writing that Perisic would join the Bundesliga side on loan with immediate effect. As per various sources, including the BBC, Bayern have an option to buy the 30-year-old at the end of the deal.

Fabrizio Romano of Di Marzio previously reported that Bayern are paying an upfront loan fee of €5m, with an option of €20m to make the transfer permanent.

David Ornstein reported in January that Arsenal were trying to bring the winger in on a similar deal, offering an initial loan with an option to buy in the summer. Inter refused, demanding a permanent transfer and a guaranteed fee of £35-40m at the time.

Clearly, no club was willing to pay that much, and Inter decided to settle for a decent loan fee and around half of their original asking price if the move is made permanent.

Maybe if Perisic had moved to Arsenal in January, the Gunners would have made it into the Champions League. However, they also would have almost certainly ended up signing 30-year-old Perisic instead of 24-year-old Nicolas Pepe. It is what it is.