Angel Di Maria and Antoine Griezmann are reportedly the primary targets for Bayern Munich this summer.
Talks with Liverpool's Raheem Sterling have broken down, according to German paper Bild, as the Bundesliga champions looks to strengthen out wide.
The top two targets to provide competition for Arjen Robben and Franck Ribery are said to be Manchester United's Di Maria, and Atletico Madrid's Griezmann, who has also been linked with Chelsea.
Bayern are also said to be interested in Borussia Dortmund's Ilkay Gundogan.