Arne Slot believes Liverpool have conducted “great business” by selling Luis Díaz to Bayern Munich in a bid to offset their summer spending. The Reds have splashed £295 million ($390.3 million) on transfers this summer, with blockbuster moves for Florian Wirtz and Hugo Ekitiké draining the club’s funds.

Revealing how the Germans finally made an offer Anfield chiefs could not refuse and the impact of this transfer for both clubs

Bayern Munich have signed Colombian winger Luis Diaz from Liverpool on a four-year contract, the Bundesliga club said on Wednesday.