Bayern agree on Neuer transfer fee
© AFP

Bayern Munich president Uli Hoeness has said the Bavarian giants agreed in principle a transfer fee with Schalke 04 for Germany goalkeeper Manuel Neuer.

"Our management has managed to outline an agreement with Schalke 04, the question now is whether they will want to formalise the deal," Hoeness told German television channel Sky.

Schalke 04 face second division side Duisburg in the German Cup final next Saturday at Berlin's Olympic stadium and Hoeness speculated the deal may be finalised in the build-up.

Our management has managed to outline an agreement with Schalke 04, the question now is whether they will want to formalise the deal.
Uli Hoeness, Bayern Munich president

"They have to decide whether or not it's a psychological advantage to announce the deal before the match," said Hoeness.

According to the German press, Bayern had originally proposed a fee of €14 million for Neuer, but then raised the offer to between €18 and 20 million, plus performance-related bonuses.

Neuer, who has spent his entire career at Schalke, has already told his team he will not extend his contract which expires in 2012. The 25-year-old is tipped to sign a four-year contract, worth an annual salary of €6 million, according to the daily Bild.

Hoeness also said that Bayern Munich are interested in signing Bayer Leverkusen's Chilean midfielder Arturo Vidal.