Chelsea are reportedly lining up a bumper £100,000-a-week contract in a bid to persuade Callum Hudson-Odoi to stay at Stamford Bridge.
Hudson-Odoi made his England debut in the recent round of international fixtures despite not yet starting a Premier League game for Chelsea.
The 18-year-old tried to push through a move to Bayern in January but Chelsea held firm.
And neither side has changed their stance since then.
Sportsmail reported earlier this week that Hudson-Odoi still wants to depart Stamford Bridge in the summer due to his frustration at a lack of first-team action.
While he has made 19 appearances this season, only six are in the Premier League and all have come from the bench.
While Bayern lead the race, Barcelona and Manchester United are also interested.
Chelsea are back in Premier League action on Sunday away to Cardiff.
They are sixth in the table, three points behind Arsenal in fourth.