Lewandowski, who moved to the Allianz Arena in the summer of 2013, has become one of Europe’s most sought after strikers thanks to a number of thrilling displays for Pep Guardiola’s side.
The Poland international, 27, is reportedly a target for Premier League big boys Manchester United – who have struggled to find the back of the net this season.
According to The Telegraph, United have a longstanding interest in the former Borussia Dortmund ace – who has scored 25 goals in 27 appearances this season.
However, they could face competition for his services from their fierce rivals Liverpool.
According to The Express, new Reds chief Jurgen Klopp is confident of signing the Pole – who he coached during his time in charge of Borussia Dortmund.
And the Liverpool Echo claim the German, 48, is debating whether or not to make a bid for Bayern’s prolific striker.
Spanish giants Real Madrid are also rumoured to be interested in landing the former Legia Warsaw star and are allegedly willing to shell out £75m to acquire his services.
Lewandoswki’s agent, Cezary Kucharski, is well aware of the intense speculation surrounding his client’s future and has refused to rule out a move away from Munich.
“For me, he’s the best number nine in the world.
“Everyone knows the price of the best players in their position, but I can’t give you a figure.
“In football, you can never know what will happen. The most important thing is that he fights for the Champions League.”