Arsene Wenger is the ‘absolute favourite’ to become Bayern Munich’s new manager, according to BILD.

That’s after former RB Leipzig manager Ralf Rangnick declined the chance to speak with the German club.

Wenger threw his hat into the ring for the vacant position during an appearance on beIN SPORTS on Tuesday.

“Of course,” the former Arsenal manager replied when asked if he would be interested in the job at the Allianz Arena, per the Daily Mail.

“Coaching is what was my whole life until now. Everybody who has coached will tell you the same.

"You miss the intensity but some things you miss a lot, some things you don't miss. I enjoy the things I don't miss too much...

"But on the other hand, football games, winning football games, preparing the team for the game, and getting satisfaction and shared emotions. That is something that you miss.

"So of course, yes. I was responsible from 33 years of age and I coached until 69 without interruption. And at a top level.

"It's 36 years without stopping. Even if I miss it, to get out of that pressure for a year was not too bad for me. People who know me well say I'm more relaxed - and it's true."

Bayern are in need of a new head coach after sacking Nick Kovac following the 5-1 defeat to Eintracht Frankfurt.

The reigning German champions are currently fourth in the Bundesliga.