Manchester City have signed German winger Leroy Sane from Schalke for a reported fee of £37m ($48.9m) plus add-ons. The highly rated 20-year-old has become the fifth signing under new boss Pep Guardiola and has agreed a five-year contract with the Blues.

Sane admitted the presence of Guardiola at City was one of the key factors in him joining, having previously been linked to the likes of Arsenal and Manchester United.

"I feel really good, I'm happy to be here and happy that it has all worked out. Now I can settle here in Manchester and play for City," he told the club's official website. "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."

Sane said that Guardiola's track record of working with young players convinced him to make the switch to the Etihad Stadium. "I followed Pep at Barcelona and at Bayern where he achieved a lot and worked really well with young players," he said of the City manager.

"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."

Meanwhile, Guardiola revealed he is looking forward to the prospect of working with the winger, who has four caps for Germany and was included in their Euro 2016 squad. "He is a special talent, and an exciting player that I think our supporters will enjoy watching," the Spaniard said of the sought-after youngster.

"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."

Guardiola also admitted that the rumoured Arsenal transfer target still has much improvement in him, even though he has already played at a high standard. "At 20," Guardiola said, "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."