Bayern Munich have announced that they have signed Kingsley Coman from Juventus in a permanent deal worth €35million.
The France international forward has signed a contract until June 2020 after Bayern agreed to pay the €21m fee required to buy him outright.
"Kingsley Coman is an important building block for the future of our team, so we decided to take up the option," chairman Karl-Heinz Rummenigge said via the club's official website.
"Kingsley is a player with great potential. We're convinced that he will help us in the coming years."
Coman joined Bayern on a two-year loan deal in 2015, with the Bundesliga champions possessing the option to finalise a permanent deal at any time before April 30.
The total cost of the transfer includes the two instalments of €7m Bayern paid to Juve during the loan.
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There had been reports in France that the 20-year-old was having second thoughts about the prospect of committing his long-term future to the Allianz Arena.
Premier League clubs including Chelsea and Manchester City, managed by former Bayern boos Pep Guardiola, had been linked with a possible bid.
He has made 23 appearances in all competitions this season, scoring twice.