FSG could lose top Jurgen Klopp replacement to huge £385,000 a week contract offer

Both Liverpool and Bayern Munich are setting their sights on securing Xabi Alonso as their next head coach for the forthcoming season.

The latest development is that Bayern are, according to the Sunday People, ready to agree a contract with Xabi Alonso worth £385,000 a week.

Massive Bayern Munich contract the main threat to Liverpool's positive talks with Xabi Alonso

Bayern Munich are leading the chase, according to Sky Germany, while multiple reports suggest Alonso is leaning toward joining Liverpool after positive talks with the Reds.

But the Bundesliga club being willing to pay Alonso £385,000 a week - or the equivalent of £20 million per year - is the biggest obstacle to Liverpool being able to complete the Spaniard's move to Anfield.

This offer would not only surpass the current managerial salary at Liverpool, where Jurgen Klopp reportedly earns around £15 million, but also set a new benchmark for managerial remuneration in the Bundesliga.

The vacancy at Bayern arises following the confirmed departure of Thomas Tuchel, with the Bavarian giants eyeing Alonso, a former player of theirs, to fill the void.

With Bayer Leverkusen currently leading the Bundesliga and on the cusp of clinching their first-ever top-flight league title in their 119-year history - an achievement that would break Bayern's eleven-year dominance in Germany - Alonso's stock has never been higher.

The pursuit of Alonso by two of Europe's footballing powerhouses underscores his rising reputation in managerial circles. Having been a legendary figure at Anfield, the Allianz Arena and the Santiago Bernabeu during his playing days, his potential return to Liverpool would be a sentimental move, yet the financial and sporting project on offer at Bayern Munich could prove enticing.