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.

Bayern Munich CEO Jan-Christian Dreesen has thanked Liverpool for the way they conducted themselves during the negotiations that resulted in Luis Diaz moving to the Allianz Arena. The Colombia international brought his three-and-a-half-year stay at Anfield to an end when he joined the German giants earlier this week.

Despite being strongly linked to Barcelona throughout the summer, Luis Díaz has finalised his transfer to Bundesliga champions Bayern München.The Colombian was officially announced by Bayern on