After days of talks, the two parties have reached an agreement over an initial compensation fee of €12m (£10.2m).
The Belgian, who is expected to be unveiled next week, has agreed a three-year contract at the Allianz Arena as he takes over from Thomas Tuchel.
The fee Bayern have agreed to pay is the highest in Burnley’s history, but it also ranks the highest fees paid in footballing history too.
Here, we take a look at where Kompany’s £10.2m compensation ranks among the highest fees for football managers:

5. Mark Hughes (Man City) - £5.2m
The Welshman left Blackburn Rovers to make the move to the Etihad in 2008. Photo: Laurence Griffiths

6. Brendan Rodgers (Liverpool) - £5.2m
Liverpool forked out £5.2m in compensation to bring Rodgers to Anfield from Swansea City in 2012. Photo: Clive Brunskill

7. Jose Mourinho (Real Madrid) - £6.8m
Appearing for the second time in this list, Mourinho made the move to Spain after winning the treble with Inter in 2010. Photo: Jasper Juinen

8. Ruben Amorim (Sporting Lisbon) - £8.5m
Sporting forked out the major fee despite Amorim having just two months of senior experience under his belt at Braga. Photo: Emilio Andreoli


