The England defender becomes Old Trafford club’s second most expensive recruit after French midfielder Paul Pogba.
Manchester United has made Harry Maguire the world’s most expensive defender after signing him from Leicester for around $97m, according to media reports.
The British football club said on Monday that the 26-year-old centre back signed a six-year contract with an option for a further season.
“Manchester United is delighted to confirm the signing of Harry Maguire from Leicester City. Harry signs on a six-year contract, with the option to extend for a further year,” it said in a statement on their website.
A person with knowledge of the deal told The Associated Press news agency on Friday that Manchester United had struck a deal with Leicester to pay 80 million pounds ($97m) for Maguire.
The person spoke on condition of anonymity because the financial details are not being disclosed.
The fee eclipses the deals for Matthijs de Ligt to leave Ajax for Juventus last month for 75 million euros (then $85m), and for Virgil van Dijk to join Liverpool from Southampton for up to 75 million pound.