Ricardo Pepi has completed a $20 million transfer from FC Dallas to FC Augsburg. 

The transfer is the most for a homegrown player in MLS history. Dallas will also receive a 10 percent sell-on percentage for any future moves.

"Moving to Europe after the conclusion of the MLS season was my dream," Pepi said in a statement Monday. "I believe FC Augsburg and the Bundesliga will prove the perfect settings for me to gain match practice at the top level as a youngster.

"The efforts the FCA club officials put in to sign me were really impressive. As a result, I felt right away that FCA was the right club for me. I can't wait to meet my new teammates and I want to integrate into the team as quickly as possible. I can hardly wait to get going!"