The January transfer deadline has come and gone and the biggest news is of a managerial switch after Bayern Munich’s Pep Guardiola confirms he will replace Manuel Pellegrini at the end of the season.

The curtain has fallen on the 2016 January transfer deadline and it’s news of a managerial switch that has proven to be the biggest story of all.

Manchester City has announced that Pep Guardiola, 45, will take over the reins from the Chilean Manuel Pellegrini on July 1. The current Bayern Munich boss joins on a £15m per year three-year contract when his current deal with the German champions expires in the summer.

Boosted by record TV deals, the blue half of Manchester have promised to hand the most sought after manager in world football £150m to spend on players. It ends speculation after Guardiola had his pick of Chelsea and the two Manchester clubs once he had told the press of his intentions to join the Premier League. Interestingly, City officials admitted nearly signed him prior to Pellegrini joining the club in 2012.