CONFIRMED: Corentin Tolisso snubs Arsenal and Chelsea interest to join Bayern Munich

German champions Bayern Munich have confirmed the signing of Corentin Tolisso from Lyon.

The French international has signed a five-year contract with the Bavarian giants for a reported fee of £35million after turning down interest from both Arsenal and Chelsea.

Both London clubs as well as Juventus had been credited with interest in the 22-year-old, but Tolisso has opted to join Carlo Ancelotti at the Allianz Arena.

Speaking to the club’s official website, Tolisso said: "I had a wonderful time with Olympique Lyon, for whom I was very grateful. Now I'm looking forward to playing at one of the best clubs in Europe. I have set myself high goals with the Bayern. Today is a great day for me. "

The playmaker made 31 appearances in Ligue 1 last term - scoring eight goals - and drew plenty of interest across Europe for his performances both domestically and in the Europa League.

Club chairman, Karl-Heinz Rummenigge, said: "We are very happy that we were able to sign this young and highly interesting player despite strong competition from abroad. Corentin Tolisso was the dream player of Carlo Ancelotti for the midfield.”