“Manchester City are delighted to announce the signing of Leroy Sane from Schalke 04,” read a statement released by the club.
The German international has signed a five-year deal at the Etihad, and revealed his delight at becoming a Citizen.
"I feel really good, I’m happy to be here and happy that it has all worked out,” he told his club’s official website. “Now I can settle here in Manchester and play for City.
"One of the reasons I decided to join City was Pep Guardiola; he convinced me to come here and that I can continue to progress. I know I will learn a lot under him and now I can take the next step in my career.
“I followed Pep at Barcelona and at Bayern where he achieved a lot and worked really well with young players.
“I think he can make me a more complete player. I think I will need a bit of time to start with because it’s another league and there’s a different style of play but I think I can adapt very quickly.”
Coach Pep Guardiola has labelled the 20-year-old as a “special talent”.
“He is a special talent, and an exciting player that I think our supporters will enjoy watching,” Guardiola said.
“He has great technical ability, is comfortable on the ball and there is much to admire about the way he plays football. He is fast, enjoys creating chances for others, works hard for the team and scores goals, too. He also has a very positive attitude and will fit in well with our squad.
“At 20, he is still developing as a player but he is already a member of the German national side and I think he will be a fantastic asset to our Club. We are very happy he decided to join us.”
Sane scored nine goals in 42 games for Schalke last season, and earned his fourth German cap in their Euro 2016 semi-final defeat to France.
The youngster is City’s fifth transfer so far this transfer window, joining Ilkay Gundogan, Nolito, Aleks Zinchenko and Aaron Mooy as the club’s newest recruits.