The Senegal international is entering the final year of his contract at Liverpool with little progress being made over talks regarding a new deal.
BILD's football chief Christian Falk is reporting Bayern have been speaking with Mane's agents for some months.
However, PSG have jumped ahead of the Germans due to their spending power.
Indeed, Falk has declared the Parisiens as the "big favourite" to land Mane thanks to the contract terms they're willing to offer.
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