The Athletic reported on Thursday that Tottenham had accepted a proposal worth more than €100million (£86.4m, $110m) from Bayern.
Kane had wanted the situation resolved before Tottenham’s opening fixture of the Premier League season at Brentford on Sunday.
He is known to have enjoyed life under new Spurs head coach Ange Postecoglou and had been leaning towards staying, but has now opted to leave his boyhood club.
The striker is into the final 12 months of his contract and Tottenham wanted to tie him to fresh terms.
There has been no progress on that, however, which has led the club to make the hugely difficult decision to sell their talisman rather than lose him for free next summer.
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Bayern had seen three bids for Kane rejected, with the first made in June, before making a breakthrough on Wednesday.
Kane was always reluctant to embark upon a transfer once the 2023-24 campaign begins and had been encouraged by Postecoglou’s early impact.
He played a full part in Tottenham’s summer tour to Australia and Singapore before scoring four goals in a 5-1 win home against Shakhtar Donetsk on Sunday in what is now set to be his final game for the club.
Postecoglou admitted after that game that he was in “open dialogue” with Kane and the club over a potential switch, but warned of the need for an outcome soon for the sake of all parties.
Kane will depart as Tottenham’s all-time top scorer having scored 280 goals in 435 appearances.
How Bayern Munich can comfortably afford a record-breaking Harry Kane signing
Analysis by Raphael Honigstein and Mark Carey
It’s easy to see why the serial German champions made Kane their No 1 priority this summer. He is two players in one: a wonderful finisher in the box but just as adept at holding the ball up and playing in fast runners — which Bayern’s squad have in abundance — moving beyond him.
Kane will commonly drift into half-spaces in attacking phases to try to play a killer ball between the lines — commonly to unlock a defence or play the “pass before the assist” — rather than always being that striker prowling the zone between the goalposts.
Thomas Tuchel’s possession game will be greatly enhanced by a technical forward who can create depth by dragging defenders out of the back line. At the same time, Kane can also play like a more orthodox target man, holding up the ball for his team’s midfielders to join the attack.
He is quite simply a chief goalscorer and creator for club and country.
Why Bayern may appeal to Kane: Trophies, rest and chasing Lewandowski’s records
(Photo: Jacques Feeney/Offside via Getty Images)