Bayern Munich have made a €60 million ($70.7 million) offer to Bayer Leverkusen for winger Leon Bailey.

Leverkusen has been holding out for a fee closer to €100 million and prefer to sell him to Real Madrid.

Bayern believe Bailey favours a move to the Allianz Arena over Real Madrid.

Bailey, a €13.5m buy from Belgium side KRC Genk in January 2017, has emerged as one of the breakout stars of the Bundesliga in his first full campaign.