BREAKING NEWS: Bayern sign Gnabry from Bremen

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Bayern Munich have completed the signing of Serge Gnabry from Werder Bremen for a fee believed to be in the region of EUR8 million.

The 21-year-old recently already announced that he would leave Werder after just one year at the club and he has now inked a contract with Bayern until June 2020.

Gnabry had also attracted the interest of Hoffenheim and RB Leipzig with his fine performances in 2016-17, but the reigning Bundesliga champions have won the race for his signature.

"It is a big honour to become a part of Bayern," Gnabry commented on his transfer.

"I have an exciting challenge ahead and I am really looking forward to it."

Bayern chairman Karl-Heinz Rummenigge, meanwhile, was pleased to welcome another Germany international to the Allianz Arena.

"We are very happy to have secured the services of another young Germany international in Serge," he stated. "Serge has developed really well at Bremen."

Gnabry came through the ranks of the Stuttgart youth academy, but left the club for Arsenal before breaking into the first team.

He never really managed to secure regular first-team football at Arsenal, though, and eventually left the Emirates side for Bremen ahead of the 2016-17 campaign, where he scored 11 goals in 27 Bundesliga outings.

The winger becomes Bayern's third signing ahead of next season after the previous captures of Hoffenheim duo Niklas Sule and Sebastian Rudy, while they also made Kingsley Coman's stay at the club permanent after a two-year loan spell.