BREAKING NEWS: Nagelsmann confirmed as Bayern Munich’s next head coach

Julian Nagelsmann is set to become Bayern Munich’s new head coach and has signed a five-year contract effective July 1, the Bundesliga club announced on Tuesday.

Bayern, who are on the verge of a ninth consecutive Bundesliga title, have agreed to terminate the contract of Hansi Flick, who has informed the club that he does not wish to remain in charge beyond this season.

“Julian Nagelsmann represents a new generation of coaches,” Bayern president Herbert Hainer said in a statement.

“Despite his young age, he has had an impressive career. We are convinced that together with Julian Nagelsmann, we will build on the great successes of recent years. “

Discussions emerged on Monday that Bayern and Nagelsmann quickly came to an agreement, but that a fee to release him from his contract proved to be a sticking point.

According to numerous reports in Germany and Europe, a deal has been struck between the clubs that would make Nagelsmann the most expensive head coach in the world.

Athletic have indicated that Bayern will pay around € 20m, while other reports suggest additions could bring the total closer to € 25m.

Nagelsmann, 33, had also been linked with Tottenham after their decision to sack Jose Mourinho last week.

However, as a childhood Bayern fan of the Bavarian town of Landsberg am Lech, the Allianz Arena has long been touted as his dream destination.

Nagelsmann, who cost Leipzig € 5million when he joined Hoffenheim in 2019, has helped make the club Champions League regulars and Bundesliga title champions.

He guided them to the Champions League semi-finals last season, where they lost 3-0 to Paris Saint-Germain, and a third place in the top flight.

Leipzig are comfortably second in 2020-2021, but Bayern are the leaders by seven points with just three games to go.

Flick, who has been tipped to succeed Joachim Low as Germany’s head coach, is leaving Bayern after delivering six trophies in less than two years, including the treble last season.

Hainer said: “I would like to expressly thank Hansi Flick on behalf of FC Bayern. He took over our squad in a tough phase in 2019, then won six titles, the next seventh hopefully soon.

“He will always have a place in the history books of FC Bayern.”

Flick said: “The last two years have been unforgettable for me.

“A coach is nothing without his team and I have had the chance to meet fantastic players and staff here in Munich, as well as a team of coaches who have done incredible things.

“One disappointment remains: we weren’t able to celebrate the biggest hits during this time with the fans. I missed them in every game.

“I wish the Bayern family the best for the future. It is not an empty phrase when I say that it was a very great honor for me. “

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