Signed in August before being loaned back to Las Palmas for the season, Pedri has been impressive in the Segunda Division.
And his form has caught the eye of Bayern scouts, with Sky Deutschland reporting they intend to make an offer to Barca for the 17 year-old.
Barca intend to have Pedri do preseason with the first team squad before making a decision over whether to loan him out again. It's unlikely they'll consider selling the midfielder.
Along with Bayern, Borussia Monchengladbach are also interested.