Bayern Munich confirm they will sell Liverpool target Thiago Alcantara

CEO Karl-Heinz Rummenigge says club will have to sell as midfielder wants a new challenge

Bayern Munich's Spain midfielder Thiago Alcantara, reportedly a target for Liverpool, will leave the Bundesliga side in the close season because he wants a new challenge.

The 29-year-old, who joined Bayern in 2013 from Barcelona for 25 million euros (Dh103m), has since played 230 games and won seven league titles with the German champions.

"A top man on and off the pitch. We negotiated with him in a serious way and fulfilled all his wishes. But it now seems that he wants to do something new for one more time," the club's CEO Karl-Heinz Rummenigge told Bild.

Thiago's deal with Bayern ends next season and Rummenigge said they had no choice but to sell the player as they did not want to let him go without receiving a transfer fee.

"We do not want to lose any player without any money next year," he said.

Bayern manager Hansi Flick had said earlier on Friday that he hoped Thiago would stay at the Munich club.

Media reports have linked Thiago with a move to Liverpool.