Overview

• Bayern lodged a first €52 million offer for Díaz, falling short of both Liverpool’s rumored €80 million release threshold and Munich’s own €60 million ceiling including bonuses.
• Liverpool and Díaz are said to have a secret gentleman’s agreement allowing his departure for any club that meets an €80 million fee.
• Barcelona’s discussions include a registration-contingency clause to impose financial penalties if La Liga’s financial rules prevent Díaz’s registration.
• Díaz has publicly confirmed he is negotiating with Liverpool and interested clubs but has not yet decided on his next destination.
• Bayern’s urgency reflects the need to replace departing wingers after failed bids for other targets, and the Saudi side Al-Nassr is also monitoring developments.