Off contract in June, the Serbia international can leave Juve next summer in a Bosman transfer.
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Sky Deutschland's Florian Plettenberg is reporting Bayern are ready to make a pre-contract offer in January to Vlahovic ahead of bringing him to Munich in June.
Bayern management 'dream' of pairing Harry Kane with Vlahovic next season.
Significantly, Vlahovic is aware of Bayern's interest and has made it known he'd be keen to explore a move to Germany next year.