The right back is a promising talent who is wanted by clubs around Europe.
He was linked to Barcelona, but they are signing Sergino Dest.
Per the Daily Mail, Bayern were also after Dest, and will now turn their attention to Aarons.
Barca wanted the 20-year-old on loan with an option to buy, however Norwich wants an outright sale.
It remains to be seen whether Bayern can offer somewhere around £20 million as a guaranteed fee, which is what Norwich want for the player.