Manchester United have confirmed an agreement in principle to sign Jadon Sancho from Borussia Dortmund in a deal worth £73m.

The England international will undergo a medical following his involvement in Euro 2020 before completing his switch to Old Trafford.

Dortmund made a stock exchange announcement on Thursday morning, which also confirmed Sancho has agreed personal terms with United, with the transfer set be completed subject to a medical.

The agreement was also confirmed by Borussia Dortmund chief executive Hans-Joachim Watzke, as the club held a news conference to unveil new head coach Marco Rose.

Dortmund's asking price at the start of the window was in excess of £85m and the deal is also £35m less than the £108m valuation last summer.

Sancho's contract at Dortmund runs until the summer of 2023 and they did not want to risk him entering the final year of his deal.