Alli has been in stunning form for Tottenham this season, scoring 11 Premier League goals to fire Spurs to second in the table.
His fine form has not gone unnoticed with clubs at home and abroad keeping tabs on the former MK Dons ace.
And The Times claim Bayern Munich are readying a summer swoop.
Bayern are willing to smash their transfer record to lure Alli away from White Hart Lane.
Tottenham value the England international higher than the £86million Real Madrid paid to sign Gareth Bale back in 2013.
Manchester United have been joined in the race to sign Dele Alli
Man United stars bring out 4x4s to tackle farm track to and from training
Thu, February 2, 2017
Manchester United stars were forced to roll out their fleet of off-road vehicles as they made their way to and from training down a dirty farm track
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Manchester United stars are forced to take a farm track to and from training
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Luke Shaw's Manchester United career is in doubt
Tottenham could reportedly trade Danny Rose for Luke Shaw.
The Manchester Evening News claim Spurs boss Mauricio Pochettino could rescue Shaw from his Old Trafford nightmare.
The United defender has endured a difficult campaign so far, failing to convince Jose Mourinho of his worth.
It is claimed the England international could leave in the summer if he continues to struggle.
And that could pave the way for Rose to move to Manchester in his place.
Jesse Lingard and Paul Pogba have been blasted by Paul Ince
Paul Ince has blasted United stars Paul Pogba and Jesse Lingard.
The duo uploaded a video on social media of themselves practicing a goal celebration in the dressing room.
And Ince reckons they would have got a bollocking if Sir Alex Ferguson was still in charge.
"If I was at United now and saw that? They’d have got a bollocking from me," he told Paddy Power.
"There’s a time and a place, and that wasn’t the right time."