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Arsenal could lose Alexis Sanchez this summer with the Chile international pushing for a move out of the Emirates after a disappointing season finishing below the top four positions.
The report suggests Sanchez is attempting to price himself out of a move to the Allianz Arena so that he can instead join Manchester City.
The Chilean attacker is yet to sign a contract extension with the Gunners having just 12 months left on his current deal.
Bayern had appeared favourites to sign him, but the Chilean is demanding a package of £21.85 million-a-year from the Bundesliga champions, which would see him earn £420,000-a-week, as reported by the Mirror.
He is currently valued at £50 million.