Bayern Munich have submitted a formal proposal to sign winger Luis Diaz from Liverpool. The 28-year-old Colombia international has emerged as a top target for Bayern and their first official proposal arrived on Tuesday. It was worth €67.5million (£58.6m; $78.8m) and immediately rejected by the Premier League champions.

Liverpool have rejected a €67.5 million (£58.6m) bid from Bayern Munich to sign forward Luis Diaz, a source told ESPN.

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According to a report from Sport Bild (as captured by @iMiaSanMia), Bayern Munich coach Vincent Kompany has already spoken to Liverpool FC attacker Luis Diaz and would expect that Diaz will contribute immediately if the two clubs can agree on a fee:

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This article was originally published on www.si.com as Report: Liverpool Receive Formal Luis Diaz Offer From European Giants. Liverpool have turned down a formal offer from Bayern Munich for winger Luis Díaz, reports have revealed, and value the Colombian around the €100 million (£86.8 million, $116.7 million) mark.

The latest Liverpool transfer news and opinion as the Reds turn down €67.5m (£58.5m) for Luis Diaz - is it the correct decision?

Florian Plettenberg of Sky Sport Germany claims that Bayern would offer Díaz a contract at least four years in length and there are clear signals between the player’s camp and Bayern executive Max Eberl. Despite no agreement, it is expected that personal terms are “not an issue”.

Liverpool fans were in unison in their calls for the club to sell Luis Diaz after an update regarding his stance amid Bayern Munich links.