A report in the Daily Express suggests Bayern may hire Mourinho or Real Madrid boss Carlo Ancelotti as their new manager once Guardiola leaves the Allianz Arena - but this is based purely on quotes from former Bayern Munich player Lothar Matthäus.
While it’s true that Matthäus is a Bayern Munich great, this is nothing more than his opinion. Bayern, for all we know, may have other managerial targets lined up for once Guardiola eventually leaves the club.
Matthäus told German newspaper Sports Bild: "There are only two coaches abroad who fit Bayern's profile: Jose Mourinho and Carlo Ancelotti. These two should be right at the top of Bayern's shortlist if they are available in the summer of 2016.
"Joachim Low could also be a good candidate if he leaves the Germany job after Euro 2016."
Matthäus opinion - nothing more
'These weren’t quotes from Bayern Munich chairman Karl-Heinz Rummenigge or sporting director Matthias Sammer. It would be a bit like Eric Cantona claiming Manchester United ought to appoint Guardiola or Jurgen Klopp after Louis van Gaal’s contract at Old Trafford expires - interesting but ultimately unimportant.
That Mourinho would replace the Arsenal-bound Guardiola at Bayern Munich also seems somewhat far-fetched.
Mourinho happy at Chelsea
Only this week Mourinho was quoted as saying that he could see himself still managing Chelsea in 10 years’ time - the second time this season he has been quoted as saying that his long-term future is at Stamford Bridge.
While there are many positive aspects to the Bundesliga, it’s simply not a competitive league - Bayern Munich are currently eight points clear at the top of the table, having conceded just nine goals and losing one match this season.
Mourinho is acutely aware that winning titles with Chelsea is a significantly more impressive achievement than securing back-to-back league championships with the German giants.
It would, therefore, be a major surprise if he had the remotest interest in coaching a club in the Bundesliga. His love of the Premier League is also no secret.
Guardiola will aim higher than Arsenal
Guardiola is also keen to test himself in England’s top flight in the future - and the Premier League could well be his next destination after Bayern Munich.
While Arsenal would be an attractive proposition for most coaches, Guardiola has every right to aim a little higher.
This is a manager who won 14 major honours during his four years in charge of Barcelona - arguably the greatest team in the history of club football.
United/City his next destination
If he comes to England - which he will, eventually - it will surely be to manage Manchester United or Manchester City.
Guardiola has already turned down the advances of Chelsea’s billionaire owner Roman Abramovich in the past, and replacing Mourinho - his nemesis - at Stamford Bridge simply won’t appeal to this careful and methodical coach.
At United he would have the chance to follow in the footsteps of Van Gaal - as he did at Barcelona - and a manager he has looked up to for a long time now, Sir Alex Ferguson.
Let battle (re)commence
In Marti Perarnau’s excellent Guardiola biography ‘Pep Confidential’, it details how the former Barcelona coach openly admitted he could see himself managing the Red Devils in the future.
But with his former colleagues Txiki Begiristain and Ferran Soriano in place at Manchester City, the chance to replace his old friend Manuel Pellegrini at the Etihad Stadium will also prove tempting.
Mourinho, meanwhile, will be determined to stay put at Chelsea and go head-to-head with his arch-rival once more - regardless of whether he joins United or City - just as they did for three unforgettable years in Spain.