(Updates with clubs confirming transfer)
By Karolos Grohmann
June 19 (Reuters) - Germany World Cup winner Mats Hummels is rejoining Borussia Dortmund after three years at Bundesliga champions Bayern Munich, the two clubs said on Wednesday.
"...Bayern and Dortmund reached a basic agreement for the transfer of the central defender. It was agreed not to release details regarding the transfer." Bayern said in a statement.
German media reported that the transfer, which is subject to a medical, was worth around 38 million euros ($42.59 million).
The move by 30-year-old Hummels, who played 306 games and scored 25 goals for Dortmund from 2009 to 2016, was expected.
He was dropped from the Germany team along with fellow 2014 world champions and Bayern players Thomas Mueller and Jerome Boateng in March as part of an overhaul of the squad.
Hummels had also lost his automatic starting place at Bayern amid growing competition for a place in central defence.
He was part of the Dortmund team that won the league in 2011 and 2012 as well as the German Cup in 2012 and they also reached the 2013 Champions League final when they lost to Bayern.
Dortmund, who were runners-up in the league last season, will compete in the Champions League group stage next term.
($1 = 0.8927 euros) (Reporting by Karolos Grohmann; Editing by Christian Radnedge and Ken Ferris)
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