Bayern Munich have appointed Julian Nagelsmann as their next manager, having reached a compensation agreement with RB Leipzig.
Nagelsmann, 33, has signed a deal with the Bundesliga champions through to 2026. Bayern Munich have paid compensation to Leipzig, which sources have told ESPN is a record fee for a manager, eclipsing the €15 million Chelsea paid Porto for Andre Villas-Boas in 2011.
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Nagelsmann is set to replace Hansi Flick, who asked Bayern to release him from his contract earlier in the month following a rift with sporting executive Hasan Salihamidzic over the Bundesliga champions' transfer strategy and philosophy.