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Alphonso Davies says ‘dream has come true’ after Bayern Munich transfer officially announced

WATCH: The Vancouver Whitecaps confirmed Wednesday that German soccer giant Bayern Munich has agreed to a transfer deal for the 17-year-old Canadian international midfielder. Squire Barnes has the story.

Alphonso Davies says his dreams are coming true with a record-setting deal that will see the teenage soccer star join a major European club.

The Vancouver Whitecaps confirmed Wednesday that German soccer giant Bayern Munich has agreed to a transfer deal for the 17-year-old Canadian international midfielder. Bayern said Davies’ contract runs until 2023.

WATCH: The Vancouver Whitecaps 16-year-old star player Alphonso Davies 

The Vancouver Whitecaps 16-year-old star
The Vancouver Whitecaps 16-year-old star

The Whitecaps said in a release the move could amount to more than US$22 million, the most ever received by an MLS club in the league’s 23-year history. The previous record was set in 2008 when Spanish club Villarreal spent US$10 million to acquire striker Jozy Altidore from the New York Red Bulls.

“Now that the dream has come true, the work continues as always,” Davies, who was in Philadelphia to sign the deal before Bayern played a friendly against Juventus on Wednesday night, said in a statement.

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“I have to keep pushing and keep striving, and also keep being me on the field.”

View photos of Alphonso Davies in the gallery below:

Alphonso Davies of Canada speaks at the FIFA congress on the eve of the opener of the 2018 soccer World Cup in Moscow, Russia, Wednesday, June 13, 2018. The congress in Moscow is set to choose the host or hosts for the 2026 World Cup.
Alphonso Davies of Canada speaks at the FIFA congress on the eve of the opener of the 2018 soccer World Cup in Moscow, Russia, Wednesday, June 13, 2018. The congress in Moscow is set to choose the host or hosts for the 2026 World Cup. (AP Photo/Alexander Zemlianichenko)
Edmonton's Free Footie soccer league is for kids who wouldn't otherwise be able to play because of cost or other barriers in their life. One of those kids was Alphonso Davies, who is poised to have a successful professional soccer career. Free Footie founder Tim Adams joined Jennifer Crosby on Global News at Noon to share more about the program and Davies' success.
Edmonton's Free Footie soccer league is for kids who wouldn't otherwise be able to play because of cost or other barriers in their life. One of those kids was Alphonso Davies, who is poised to have a successful professional soccer career. Free Footie founder Tim Adams joined Jennifer Crosby on Global News at Noon to share more about the program and Davies' success. Global News
Teen soccer star Alphonso Davies (left) is seen in a photo next to Marco Bossio, his former coach at an Edmonton junior high school.
Teen soccer star Alphonso Davies (left) is seen in a photo next to Marco Bossio, his former coach at an Edmonton junior high school. Supplied by Marco Bossio
Edmonton-raised soccer player Alphonso Davies is seen in an undated photo.
Edmonton-raised soccer player Alphonso Davies is seen in an undated photo. Supplied by Marco Bossio
Alphonso Davies (right) is seen in a photo with Marco Bossio, who coached the soccer player at an Edmonton junior high school.
Alphonso Davies (right) is seen in a photo with Marco Bossio, who coached the soccer player at an Edmonton junior high school. Supplied by Marco Bossio
Vancouver Whitecaps midfielder Alphonso Davies leaves the field after MLS soccer team practice in Vancouver on Monday, July 23, 2018.
Vancouver Whitecaps midfielder Alphonso Davies leaves the field after MLS soccer team practice in Vancouver on Monday, July 23, 2018. THE CANADIAN PRESS/Darryl Dyck
Vancouver Whitecaps 15-year-old Alphonso Davies (67) breaks away from Toronto FC's Eriq Zavaleta during first half Canadian Cup action in Toronto on Tuesday June 21, 2016. The Vancouver Whitecaps are confident they can dig themselves out of another hole.The Whitecaps face Toronto FC on Wednesday night at BC Place with the Voyageurs Cup on the line.
Vancouver Whitecaps 15-year-old Alphonso Davies (67) breaks away from Toronto FC's Eriq Zavaleta during first half Canadian Cup action in Toronto on Tuesday June 21, 2016. The Vancouver Whitecaps are confident they can dig themselves out of another hole.The Whitecaps face Toronto FC on Wednesday night at BC Place with the Voyageurs Cup on the line. THE CANADIAN PRESS/Chris Young
Vancouver Whitecaps' Fredy Montero, front left, Tim Parker, back left, and Alphonso Davies celebrate Montero's goal against the New York Red Bulls during second half CONCACAF Champions League quarter-final soccer action in Vancouver, B.C., on Thursday, March 2, 2017.
Vancouver Whitecaps' Fredy Montero, front left, Tim Parker, back left, and Alphonso Davies celebrate Montero's goal against the New York Red Bulls during second half CONCACAF Champions League quarter-final soccer action in Vancouver, B.C., on Thursday, March 2, 2017. THE CANADIAN PRESS/Darryl Dyck
Like others in MLS, Toronto FC has taken notice of Vancouver Whitecaps teenager Alphonso Davies. Davies celebrates his goal during first half CONCACAF Champions League quarter-final soccer action against the New York Red Bulls, in Vancouver in a March 2, 2017, file photo.
Like others in MLS, Toronto FC has taken notice of Vancouver Whitecaps teenager Alphonso Davies. Davies celebrates his goal during first half CONCACAF Champions League quarter-final soccer action against the New York Red Bulls, in Vancouver in a March 2, 2017, file photo. THE CANADIAN PRESS/Darryl Dyck
Vancouver Whitecaps' Alphonso Davies, left, and Nicolas Mezquida celebrate Davies' goal against the Montreal Impact during first half semifinal Canadian Championship soccer action in Vancouver, B.C., on Tuesday May 23, 2017.
Vancouver Whitecaps' Alphonso Davies, left, and Nicolas Mezquida celebrate Davies' goal against the Montreal Impact during first half semifinal Canadian Championship soccer action in Vancouver, B.C., on Tuesday May 23, 2017. THE CANADIAN PRESS/Darryl Dyck
Canada's Alphonso Davies clears the ball away from Curacao's Gevaro Nepomuceno during second half of a friendly match, in Montreal on Tuesday, June 13, 2017.
Canada's Alphonso Davies clears the ball away from Curacao's Gevaro Nepomuceno during second half of a friendly match, in Montreal on Tuesday, June 13, 2017. THE CANADIAN PRESS/Paul Chiasson
File photo. BC Place and local pus are gearing up for fans to sweep into the city for game 1 of the MLS Western Conference Semifinals on Sunday.
File photo. BC Place and local pus are gearing up for fans to sweep into the city for game 1 of the MLS Western Conference Semifinals on Sunday. Darryl Dyck / The Canadian Press
Canada's Alphonso Davies stretches during a practice Monday, June 12, 2017 in Montreal. Vancouver Whitecaps rising star Davies headlines a young Canadian squad for the 2017 CONCACAF Gold Cup.
Canada's Alphonso Davies stretches during a practice Monday, June 12, 2017 in Montreal. Vancouver Whitecaps rising star Davies headlines a young Canadian squad for the 2017 CONCACAF Gold Cup. THE CANADIAN PRESS/Paul Chiasson
Canada's Alphonso Davies (12) celebrates his goal against Costa Rica in the first half of a CONCACAF Gold Cup soccer match in Houston, Tuesday, July 11, 2017.
Canada's Alphonso Davies (12) celebrates his goal against Costa Rica in the first half of a CONCACAF Gold Cup soccer match in Houston, Tuesday, July 11, 2017. (AP Photo/David J. Phillip)
Philadelphia Union's Fabinho, right, shoves Vancouver Whitecaps' Alphonso Davies off the ball during the second half of an MLS soccer game in Vancouver, B.C., on Sunday March 5, 2017. Liberian-born Edmonton-raised midfielder Davies has been one of the bright spots for the Vancouver Whitecaps early in the Major Soccer League season.
Philadelphia Union's Fabinho, right, shoves Vancouver Whitecaps' Alphonso Davies off the ball during the second half of an MLS soccer game in Vancouver, B.C., on Sunday March 5, 2017. Liberian-born Edmonton-raised midfielder Davies has been one of the bright spots for the Vancouver Whitecaps early in the Major Soccer League season. THE CANADIAN PRESS/Darryl Dyck
Like others in MLS, Toronto FC has taken notice of Vancouver Whitecaps teenager Alphonso Davies. Davies celebrates his goal during first half CONCACAF Champions League quarter-final soccer action against the New York Red Bulls, in Vancouver in a March 2, 2017, file photo.
Like others in MLS, Toronto FC has taken notice of Vancouver Whitecaps teenager Alphonso Davies. Davies celebrates his goal during first half CONCACAF Champions League quarter-final soccer action against the New York Red Bulls, in Vancouver in a March 2, 2017, file photo. THE CANADIAN PRESS/Darryl Dyck
Alphonso Davies, 15, started playing soccer at a young age.
Alphonso Davies, 15, started playing soccer at a young age. Nathan Gross/Global News

Known for his blazing speed and uncanny ability to maintain control of the ball, Davies has worked his way up to Vancouver’s starting lineup. He has eight assists and three goals in league play this season, and is scheduled to play in the MLS all-star game in Atlanta next month.

He’ll play out the rest of the season in Vancouver. He’s eligible to join Bayern when the international transfer window re-opens in January 2019.

Bayern Munich has won a record 28 German soccer titles, and has captured the UEFA Champions League five times.

The club’s sporting director, Hasan Salihamidzic, posted about his newest player on Twitter, calling Davies a “huge talent.”

“At just 17, he has a bright future ahead of him. Alphonso is very talented and it comes as no surprise that many other top clubs were after him,” Salihamidzic said.

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Davies — affectionately known by his teammates and Whitecaps staff as Fonzie — joined the Whitecaps residency program in 2015. Because he’s a “homegrown player,” the team will keep the entire transfer fee.

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LISTEN: Global BC’s Squire Barnes appeared on CKNW’s Jon McComb Show on Wednesday to talk about a major announcement involving Vancouver Whitecaps star Alphonso Davies.

The deal is a landmark for the Whitecaps, the MLS and Canada, said the team’s co-owner, Jeff Mallett.

“Alphonso is an inspirational example of what is possible, and we are excited about how this transfer showcases our commitment to homegrown players for our club and country,” he said in a statement, adding that the ownership group is “committed to investing 100 per cent of the funds back into the sporting side of the club.”

This isn’t the first time Bayern Munich has picked up a Canadian teen.

The club acquired Calgary-born Owen Hargreaves in 1997, when he was 16 years old. He went on to play seven seasons with Bayern, plus five more with Manchester United and Manchester City in the English Premier League.

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Internationally, Hargreaves suited up for England, playing on both the 2002 and 2006 World Cup squads.

Davies has already made his mark on the Canadian men’s team, after being called up to play in July 2017 shortly after he received his Canadian citizenship.

READ MORE: Teen soccer star from Edmonton impresses in history making debut for Team Canada

At the 2017 CONCACAF Gold Cup, the rising star became the youngest player to ever score for team Canada and the youngest scorer in the tournament’s history. He took home the Golden Boot and Best Young Player honours from the event.

Earlier this year, Davies made a passionate speech on behalf of the United Bid to the FIFA World Congress in Russia ahead of the vote for the 2026 World Cup.

He described being born in a refugee camp in Ghana after his parents fled the Liberian civil war. The family later immigrated to Canada and eventually settled in Edmonton.

READ MORE: Reported Bayern Munich transfer thrills Edmontonians who helped Alphonso Davies achieve perfection on the pitch

LISTEN: Reid Wilkins interviews Free Footie founder Tim Adams on 630 CHED’s Inside Sports on July 24, 2018 after news emerged Alphonso Davies is set to join Bayern Munich in Germany’s Bundesliga.

WATCH: On March 25, 2016, Julia Wong profiled teenaged Edmonton soccer player Alphonso Davies, At the time, he had been selected for Canada’s U-20 soccer team, but his story began in war-torn Liberia.

From civil war in Liberia to Canada’s U-20 soccer team
From civil war in Liberia to Canada’s U-20 soccer team

Davies told the crowd that his dream is to someday compete in soccer’s biggest tournament, perhaps even in his hometown.

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“I’ve played matches in Mexico, Canada and the United States. The people of North America have always welcomed me. If given the opportunity, I know they’ll welcome you.”

WATCH: In June 2018, Canadian soccer star Alphonso Davies told FIFA World Congress about his dream ahead of 2026 World Cup vote.

Canadian soccer star Alphonso Davies tells FIFA World Congress of his dream ahead of 2026 World Cup vote
Canadian soccer star Alphonso Davies tells FIFA World Congress of his dream ahead of 2026 World Cup vote

The United Bid, featuring Canada, the U.S. and Mexico, won the bid to host the tournament.

Whitecaps president Bob Lenarduzzi said at the time he had goosebumps watching Davies speak.

“I think his speech transcended soccer,” he said.

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“He did it with such poise and enthusiasm and was wide-eyed by the end of it. And I was so proud of him and just delighted for his family that they could live the Canadian dream.”