Bayern Munich CEO Karl Heinz-Rummenigge has confirmed Renato Sanches will leave the Bavarians to join Swansea City on a season-long loan deal.
Swans boss, Paul Clement - former assistant coach with Bayern - will now be entrusted with the development of the 20-year-old midfielder for this season, following his largely disappointing debut campaign in the Bundesliga.
The Portugal international joined the German giants last season from Benfica for a deal worth €35m, but made only six starts in the Bundesliga last season.
Speaking of Sanches's imminent move to the Premier League, Rummenigge told Kicker: "We wanted Renato Sanches to join a club, where he is able to play on a high level and where he has a coach, which wants him.
"Renato has to play continuously for a year, and that's not guaranteed given the quality in our squad," he added.
The German news outlet also confirmed the terms of the deal will see Swansea pay a fee of €8.5m for the loan deal however, they will not have an option to buy the midfielder at the conclusion of the season.
With development a key consideration for Sanches - who burst onto the scene during Portugal's Euro 2016 triumph - the 20-year-old was subject to interest from across Europe, which included the likes of AC Milan.
However Swansea have secured a major coup by winning the race to his signature, where Sanches will be uniting with Clement who he briefly worked with at Bayern before the 45-year-old took on the role with the Swans at the end of 2016.
Sanches will now hope that he can play a key role in putting more wins on the table for the Swans, who have secured a win, draw and loss in their opening three games of the season.