Bayern Munich have completed the signing of Spanish winger Bryan Zaragoza from Granada.
The Bundesliga giants had initially agreed to sign the 22-year-old in the summer, but they have opted to bring his move forward with immediate effect.
It is understood that the compensation fee that Bayern will pay to sign Zaragoza in the winter window is worth between €4m and €5m, on top of the initial €15m (£12.9m) they had previously agreed last summer.
Zaragoza, who will wear the No.17 shirt, has put pen to paper on a five-and-a-half year deal at the Allianz Arena that runs until June 2029, and he becomes Thomas Tuchel's fourth signing of the winter window after Eric Dier, Sacha Boey and youngster Jonah Kusi-Asare.
"I'm moving to FC Bayern to grow here at one of the biggest clubs in the world," Zaragoza told the club's official website.
"I'm very grateful to Granada for the great time we've had together and everything the club has made possible for me. I'll never forget that.
"I also feel great support at FC Bayern now. I'm looking forward to what's coming. We are aiming high."
Sporting director Christoph Freund added: "In football you always have to be flexible, and so we've reacted to the current situation. An agreement like this involves three parties, and we're happy that Bryan Zaragoza is joining us earlier than agreed.
"Bryan sees his future at FC Bayern – that future is beginning now. We're very pleased that he'll strengthen our squad already for the second half of the season."
Born in Malaga, Zaragoza began his career with Granada but he did not make his professional debut until the age of 20 in September 2022.
Zaragoza went on to establish himself as a key player for Granada and made 58 first-team appearances in all competitions, scoring 11 goals.
The 5ft 4in winger has contributed with six goals and two assists in 21 La Liga outings for Granada this season, including a brace in a 2-2 draw with Barcelona, and he leaves the club sitting in 19th place in the table, six points adrift of safety.
Zaragoza's rise in his homeland was rewarded with a first senior international cap for Spain in October last year, coming on as a second-half substitute in a 2-0 home win over Scotland in Euro 2024 qualifying.
It remains to be seen whether Bayern's latest arrival could be in contention to make his debut in Saturday's Bundesliga clash with Borussia Monchengladbach at the Allianz Arena.