A product of the Hajduk Split and Sochaux youth academies, Perišić made a name for himself while playing for Club Brugge, where he was the Belgian Pro League top goalscorer and was named Belgian Footballer of the Year for 2011. This earned him a transfer to Borussia Dortmund, with whom he won the 2011–12 Bundesliga, before signing with VfL Wolfsburg for €8 million in January 2013. He remained there for two and a half seasons, winning the 2015 DFB-Pokal Final, before moving to Inter Milan for €16 million. In 2019, he joined Bayern Munich on loan, winning the treble.