Bayern Munich want £78m for Thiago
The Spain international joined Bayern Munich in the summer of 2013 from Barcelona, costing the Bundesliga champions around £20million.
Reports in Spain claim Barca want to re-sign Thiago this summer, with Diario Gol reporting earlier this month that Lionel Messi has approved the move.
Lionel Messi wants Thiago back at Barcelona
Thiago rose through the youth ranks at Barca, with four La Liga titles and two Champions League crowns among his 15 honours at the Catalan giants.
But Barcelona have been quoted almost four times the fee they sold him for in order to bring him back to the Nou Camp.
According to Spanish outlet Sport, Bayern have attempted to ward off any suitors by valuing the midfielder at £78m.
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Carlo Ancelotti keen to keep Thiago at Bayern Munich
Bayern manager Carlo Ancelotti is reportedly only interested in strengthening his squad this summer rather than letting his key players leave.
Thiago, 25, has enjoyed an impressive four years at the Allianz Arena, scoring 15 goals and providing 21 assists across all competitions to help Bayern to three Bundesliga titles.