After being rejected by Liverpool signing Florian Wirtz, Bayern are now turning to Anfield for an alternative in Colombia international Diaz.
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BILD says Bayern have offered £44m for Diaz, though Liverpool rate him closer to £65-68m.
Barcelona are also interested in Diaz, who like Bayern was also rejected by Nico Williams after the Spain winger signed a new deal with Athletic Bilbao last week.
Diaz's deal with Liverpool runs to 2027.
