Swansea pulls off remarkable Renato Sanches coup
Swansea has completed a transfer coup by sealing the season-long loan signing of Portugal midfielder Renato Sanches from Bayern Munich.
Sanches joined Bayern from Benfica for $A52.5 million in May 2016 and went on to play a starring role in his country's UEFA Euro 2016 triumph.
But he struggled for regular first-team opportunities at the Allianz Arena last season and Swansea – managed by Carlo Ancelotti's former Bayern assistant Paul Clement – has made its move.
"Shortly before the transfer window was closed, Renato Sanches moved to the Premier League with immediate effect on loan from Bayern Munich to Swansea City," Bayern confirmed.
CEO Karl-Heinz Rummenigge said: "We are delighted to have reached an agreement with Swansea City. It was our goal for Renato to be used regularly by a club in a very strong league, such as the Premier League.
"We are still convinced that he has the potential to become an important player for Bayern in the future. For this reason, it is agreed that the player, without a clause, will return to Bayern Munich on July 1, 2018."