Bayern Munich and Fulham have reached agreement over a £47.4m fee for Joao Palhinha, according to various reports this afternoon.

The defensive midfielder, currently representing Portugal at the European Championships in Germany, came close to joining the German giants last summer – but the deal collapsed after Fulham could not find a replacement in the closing hours of the transfer window. Bayern renewed their pursuit of the 28 year-old – and, having had three bids rejected, appear to have finally got their man for well below Fulham’s £60m valuation.

Palhinha, who has made 79 appearances in two seasons at Craven Cottage since moving from Sporting Lisbon, is expected to sign a four-year contract with Bayern but his medical will take place after his international commitments have concluded.