"The 22-year-old Germany international, whose contract with Schalke expires on June 30, 2018, has signed a four-year contract from July 1, 2018 to 30 June 2022," Bayern announced in a statement.
Goretzka completed the obligatory medical in Munich on Thursday before putting his name to the contract with FC Bayern.
Chairman Karl-Heinz Rummenigge said: "We're very pleased Leon Goretzka, a Germany international with great potential, has decided in favour of FC Bayern despite big-name international competitors.
"This way Leon Goretzka remains in the Bundesliga."
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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