Bayern Munich have signed French winger Michael Olise from Premier League club Crystal Palace on a five-year contract valid until 2029, Bayern announced on Sunday.
The transfer fee is said to be around €60 million ($65 million), plus add-ons.
"Michael Olise is a player who can make the difference and attracted great interest with his style of play. We want new impetus in our team, new energy, new ideas – that's what players like Michael Olise stand for," Bayern head of sport Max Eberl said.
Olise, 22, scored 10 goals in 19 matches in the Premier League last season. His signing will put pressure on the other wingers Leroy Sané, Kingsley Coman and Serge Gnabry.
In addition, Portugal midfielder João Palhinha is close to joining Bayern from Fulham, according to multiple news reports.
Sky TV said that Palhinha underwent the Munich medical on Saturday after Portugal's Euro 2024 exit. There has been no official confirmation so far.
Palhinha, 28, is to arrive from Fulham for a fixed sum of €46 million, plus add-ons. Bayern were already close to signing the holding midfielder last year but Fulham vetoed the move on transfer deadline day because they couldn't find a replacement.
Bayern have already signed centre back Hiroki Ito from Bundesliga runners-up VfB Stuttgart. Defender Josip Stanisic and forward Arijon Ibrahimovic return from loan spells at German double winners Bayer Leverkusen and Italy's Frosinone, respectively.
Bayern under new coach Vincent Kompany want to rebound from a first season without silverware since 2012. Pre-season training starts on July 15.