After weeks of speculation, Bayern Munich has officially announced the transfer of Liverpool FC winger Luis Diaz. Diaz is expected to occupy the left-wing position vacated last month when Leroy Sané made the move to Galatasaray. Bayern Munich made the move official via its club website:

Bayern Munich have confirmed the signing of Colombia international Luis Díaz from Liverpool. Sources told ESPN the deal is worth €75 million ($88m), inclusive of add-ons. He becomes Bayern's third signing of the summer following the arrivals of Bayer Leverkusen's Jonathan Tah and Hoffenheim midfielder Tom Bischof.

For the third season running, Bayern Munich have splashed out on a football player from England's Premier League, this time Luiz Diaz from Liverpool. Does the deal make sense?