Development of youth players will be the main focus of the partnership between Borussia Dortmund and Hyderabad FC.
RB Leipzig's impressive debut in the knock-out stages ended Tuesday in Lisbon with a 3-0 defeat at the hands of Paris Saint-Germain.
Jurgen Klopp could walk away from football after his Liverpool contract gets over in 2024.
Borussia Dortmund sports director Michael Zorc said Jadon Sancho will play for the team next season and also revealed the youngster has got a wage hike.
Jadon Sancho is valued at around 120 million euros ($142 million) and Borussia Dortmund have said they have yet to receive an offer for their talented forward.
Manchester United are trying to make Jadon Sancho their marquee signing of the summer but Borussia Dortmund have set a lofty asking price for the winger.
From Lionel Messi, to Cristiano Ronaldo, Mohamed Salah, Robert Lewandowski and Erling Braut Haaland, nobody in Europe has managed to keep pace with Lazio's Ciro Immobile.
The 17-year-old Jude Bellingham has signed a "long-term contract" and is to join the first team squad from July 30, Borussia Dortmund said in a statement.
Borussia Dortmund cancelled Andre Schuerrle's contract by mutual consent with a year left to run and he said the decision to retire "has long been maturing in me".
Champions League is scheduled for a unique "final eight" straight knockout tournament, to be played in Lisbon.
Robert Lewandowski scored 34 goals and ended the season as the Bundesliga's top scorer for the fifth time.
Bayern Munich finished 13 points clear of second-placed Borussia Dortmund.
Erling Braut Haaland has scored 16 goals in 17 games for Borussia Dortmund since joining from RB Salzburg at the start of the year.
The transfer means that Thomas Meunier will not feature for PSG in the Champions League quarter-finals when the competition resumes this August in Lisbon.
There is a year left on Lucien Favre's contract, but there has been speculation he may leave as Borussia Dortmund finished second to Bayern Munich for the last two league seasons.
Dortmund have fended off interest from Tottenham, Arsenal, Napoli and Valencia for Thomas Meunier, according to reports in German media.
The coronavirus crisis has left Paris Saint-Germain apparently weakened both on the field and off it.
Robert Lewandowski scored twice before half-time at Allianz Arena to give him 33 Bundesliga goals this season and 48 times in all competitions.