Bayern Munich are set to offer manager Pep Guardiola a bumper new deal in order to keep the Spaniard at the Allianz Arena.

Under Guardiola's guidance the Bavarians have become one of the best teams in the world and have dominated domestically.

Guardiola's contract, however, runs out at the end of the season and as yet he has declined to discuss his future with the club.

The Mirror is reporting Bayern officials will offer Guardiola £17million a year to keep him in Germany and to ignore the advances of Premier League teams.

In recent weeks, Guardiola has been linked with jobs at Arsenal, Manchester City and Chelsea, speculation made even stronger by his agent's lack of commitment as to where his client's future lies.

Guardiola's agent Josep Maria Orobitg said: "Not even I know what Pep's intentions are. We've had some intensive talks in the past few days, but when it comes to things like this, he's very private."