Bayern Munich: No bids for Shaqiri
Bayern used a buy-out close in Alcantara's contract with Barcelona and spent €25 million ($33 million) to sign the midfielder to a four-year deal.
The player was signed at the express wish of Bayern coach Pep Guardiola, who coached Alcantara in Barcelona.
Alcantara joins a crowded, star-studded midfield, but Bayern chairman Karl-Heinz Rummenigge said the competition was ''fantastic.''
''I don't think that we'll sign another player. I also don't think we'll give up any other players,'' Rummenigge said. ''As of now, nothing more is planned. We are going into the new season most probably with this squad and we are doing it with optimism.''
Guardiola inherited a team that completed an unprecedented treble in German football last season, winning the Bundesliga and the German Cup as well as the Champions League.
The Associated Press was used in this report.