Manchester City sign Sane from Schalke on five-year deal

REUTERS - Winger Leroy Sane has joined Manchester City from German side Schalke 04 on a five-year contract, the Premier League club said on Tuesday.

No financial details of the deal were disclosed, but British media reported that City had paid 37 million pounds ($48.96 million) for the 20-year-old, who is the club's fifth signing of the close season.

Sane scored eight goals and made six assists for Schalke last season as the club finished fifth in the Bundesliga standings.

"I feel really good, I'm happy to be here and happy that it has all worked out. Now I can settle here in Manchester and play for City," Sane told the club's website. (www.mancity.com)

($1 = 0.7557 pounds)

(Reporting by Ian Rodricks in Bengaluru; editing by Sudipto Ganguly)