Bayern reach agreement with Liverpool for Reina

Bayern Munich have reached an agreement with Liverpool for the signing of Pepe Reina, chairman Karl-Heinz Rummenigge has confirmed.

Reports emerged on Tuesday that the Spain international - who spent last season on loan at Napoli - was in negotiations to join Pep Guardiola's German champions.

And Rummenigge has now revealed the two clubs have settled on a fee for the goalkeeper, telling Bild: "We have reached an agreement with Reina and Liverpool. [Technical director] Michael Reschke could prepare a few things back home while we were in the USA."