Pavard was contracted to Stuttgart until 2021, although the defender had a buyout clause of €35m.
The 22-year-old France global will sign a five-year deal with the Bundesliga champions.
German professional League club Bayern Munich have confirmed that France global Benjamin Pavard will be joining them from July 1, 2019.
Salihamidzic revealed to reporters: "I can confirm that Benjamin Pavard will join us on a five-year deal from 1st July 2019".
Capable of playing at right-back or in central defence, Pavard began his career at Lille and helped France win the 2018 World Cup.
Pavard played in six of France's seven games at the World Cup finals, only missing their final group game against Denmark, and he scored his first global goal in the last-16 clash with Argentina.
"He signed a five-year contract".
Salihamidzic also confirmed Bayern Munich's interest in Chelsea's starlet, Callum Hudson-Odoi. "We're glad and proud to have gained such a player for FC Bayern", said Salihamidzic as seen by Gam Yetu on the website.
Niko Kovac's side trail Dortmund by six points in the table - the first time in eight seasons that they have not led the way going into the winter break.
However, they have struggled this season and sit in 16th place in the Bundesliga.