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:

13. Julian Nagelsmann (Bayern Munich) - £21m
The German giants were forced to pay a giant fee to prise Nagelsmann away from RB Leipzig. Photo: Lars Baron
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