Bayern Munich and Robert Lewandowski have begun negotiations over a new contract that would keep the Poland captain at the Allianz Arena beyond 2023 when his current deal expires.
According to German outlet Bild, the Bundesliga leaders and Lewandowski will thrash out the financial terms of the deal over the next few months.
If the two parties fail to reach an agreement, the recently crowned FIFA Men's Player of the Year could end his long-term association with Bayern.
In October last year, there were reports that Lewandowski was willing to stay at the club until 2025. He has broken one record after another since his arrival in Munich in 2014, including Gerd Muller's 49-year record of most goals scored in a single season, while he's won seven successive German league titles.
Lewandowski was also the key figure in Bayern's successful UEFA Champions League campaign in 2019-20, featuring an 8-2 demolition of Barcelona in the knockout stages.
As per the latest reports from Germany, Bayern are willing to offer Lewandowski a two-year extension which would keep him at the club until 2025. But the 31-time German champions are contemplating a pay cut for the Pole, something his agent Pini Zahavi is against considering his client is one of the most sought after footballers on the planet.
Regardless of how Lewandowski's talks with Bayern progress, major clubs including Chelsea, Pep Guardiola's Manchester City, struggling English giants Man United, and Liverpool are all interested in bringing him to the Premier League.
Real Madrid and Barcelona are also eyeing him up.