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Liverpool manager Brendan Rodgers preferred Belgian Simon Mignolet to Reina even during the pre-season friendlies suggesting the 31-year-old was surplus requirement at Anfield.
Reina will now unite with his former team-mate Pep Guardiola at Munich to earn a salary of up to £100,000.
Napoli boss Rafael Benitez was also interested on signing the player but the huge salary couldn’t be matched by the Spaniard.
Bayern Munich chairman Karl-Heinz Rummenigge spoke to the club’s official website and confirmed the news. He said: “The player will come to Munich in the next few days for a medical examination and to sign his contract.
“Pepe Reina was eager to come to Bayern Munich. He wanted to embark on this adventure even though he knows that, in Manuel Neuer, he has a keeper in front of him who, if nothing changes, will always remain the No1,” said Rummenigge.
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