Bayern Munich hired Leipzig coach Julian Nagelsmann on Tuesday to replace the departing Hansi Flick starting next season. (More Football News)
The 33-year-old Nagelsmann will move to Bayern on July 1 with a contract that runs through 2026. Bayern said it agreed to terminate Flick's contract after he asked to be released early.
Leipzig didn't say how much it received as compensation from Bayern, but CEO Oliver Mintzlaff said the club was "successful in obtaining our financial goals."
Nagelsmann grew up near Munich and came through the youth system at another club in the city.
"The position at FC Bayern is a unique opportunity for me. I would therefore like to thank Oliver Mintzlaff and the rest of the board at RB Leipzig for finding a solution with FC Bayern and making this possible for me," Nagelsmann said.
Nagelsmann has been with Leipzig for three years and led the team to the Champions League semifinals in 2020. Leipzig is in second place behind Bayern in the Bundesliga standings and has reached the semifinals of the German Cup.
Nagelsmann was the youngest head coach in league history when he took over at Hoffenheim at the age of 28 in 2016. The team then qualified for the Champions League for the first time in its history.
Nagelsmann was a professional player but moved into coaching when his career ended early because of knee injuries.
"Julian Nagelsmann signifies a new generation of coaches," Bayern president Herbert Hainer said.
"Despite his young years, he has already built an impressive career. We are convinced that we will build on the great successes of recent years together with Julian Nagelsmann."
Bayern was forced to look for a new coach after Flick said this month he wanted to leave the club despite having a contract through 2023. Flick won the league, German Cup and Champions League last season with Bayern and is on the verge of another league title.
Bayern will secure the Bundesliga title if it wins its next game on May 8 against Borussia Mönchengladbach or if Leipzig loses to Borussia Dortmund the same day.
Bayern initially appointed Flick in 2019 as an interim coach when Niko Kovac was fired. He was supposed to step in for a few weeks but the team's winning run meant he was given an extension, first until the end of the 2019-20 season, then until 2023.
Flick has not been able to celebrate any trophies in front of the team's fans because of the pandemic. Only the European Super Cup in Hungary and Club World Cup in Qatar were won in front of small numbers of supporters.
"One tinge of sadness remains, that we could not celebrate the great successes during this period with the fans. I've missed you in every match," Flick said in a statement from Bayern.
The 56-year-old Flick has been linked with the German national team job, which will be vacant once Joachim Löw steps down after this year's European Championship. Flick was Löw's assistant from 2006 until Germany won the World Cup in 2014.