The versatile Austrian earlier couldn’t reach an agreement with the German champions regarding a contract extension beyond June 30.
David Alaba has confirmed that he will part ways with Bayern Munich at the end of the season.
Alaba has spent his entire career at Bayern so far, having risen through the ranks after joining the club’s youth academy in 2008 to earn a promotion to the senior team two years later.
The Austria international has enjoyed an immensely successful time at the club, winning a total of 24 major honors including nine Bundesliga titles and two Champions League trophies.
After 13 long years, Alaba is ready to experience a new challenge as he is set to depart Allianz Arena upon the expiration of his current contract in the summer.
“It was not an easy decision,” Alaba told, via Goal. “I have been here for 13 years and the association is really close to my heart. I am very grateful to the association for many things.
“I took my time because it’s not an easy decision to make overnight. I decided to do something new – a new challenge. I haven’t made the decision yet (on my new club), that remains to be seen.
“It’s no secret that management is in contact with several clubs. But a lot is being read into it and I want to concentrate fully on my task here.”
“Money has not been a factor in my decision.”
Uncertainty had surrounded the future of Alaba at Bayern for quite a while with the player linked to a number of top clubs from around Europe including Chelsea, Liverpool, Juventus, Paris Saint-Germain, and Real Madrid, with the latter reportedly leading the chase.
Real Madrid are expected to sign the versatile defender on a free transfer in the summer, with the player understood to have agreed to a four-year deal with the La Liga champions.