Bayern Munich are set to offer Pep Guardiola a new bumper deal to fend off interest from Chelsea and Manchester City.
The two Premier League clubs face uncertain futures with their current bosses and the former Barcelona chief has been sounded out as potential arrival.
Jose Mourinho has struggled at Stamford Bridge this season with the Blues languishing in 16th position, and the club's hierarchy are known admirers of Bayern's manager.
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With Guardiola's contract set to expire in the summer, speculation has been rife over his future. But the Bavarian club are keen to keep hold of the man who has led them to consecutive Bundesliga titles.
According to the Mirror, the new £17 million-a-year deal would be packed full of bonuses and would be a £3m upgrade on his current contract.
Guardiola is already the highest paid manager in world football, so the new deal would take him way ahead of Mourinho, who currently earns £12m-a-year.
Bayern want their boss to commit to a two-year deal, but the coach knows a 12-month contract would keep his options open.
Chelsea are known to be big fans of Guardiola, but may fail to entice him if they miss out on Champions League football for next season.
Mourinho could yet turn around the Blues' current predicament and, having signed a four-year deal earlier in the year, could stay at the Bridge for the foreseeable future.
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