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Wolfsburg signs MF Draxler from Schalke

(AP Photo/Sebastian Konopka)

FRANKFURT, Germany (AP) Awash in cash, Wolfsburg broke its club transfer record by signing Germany midfielder Julian Draxler from Schalke on the final day of the European transfer window Monday.

Draxler signed a five-year deal estimated at 35 million euros ($39.25 million), which would make it the second biggest transfer inside the Bundesliga after Mario Goetze's 37 million-euro ($41.5-million) move to Bayern from Dortmund two years ago.

Schalke director Horst Heldt gave no details but said it was the richest transfer in the club's history.