Bayern Munich remain in the hunt for Barcelona defender Ronald Araujo.

The Uruguay international has attracted an approach from Bayern, though Barca have insisted they're reluctant to do business.

However, TV3 says a possible transfer is very much alive.

Araújo's representatives are now negotiating with Bayern Munich.

Bayern Munich insist Barca's €100m price is too rich and rather a €65-70m valuation is more realistic.

First, however, Bayern are trying to agree with Araújo on personal terms before starting negotiations with Barcelona.