Pep Guardiola knows the identity of Bayern Munich’s next manager, according to the president of the Bundesliga club.

Bayern sacked Carlo Ancelotti last week after they were thrashed 3-0 by Paris Saint-Germain in the Champions League.

Former Bayern defender Willy Sagnol oversaw a disappointing 2-2 draw away to Hertha Berlin at the weekend.

Guardiola, who spent three successful years at the Allianz Arena before leaving to take charge of Manchester City last year, dined with Bayern president Uli Hoeness in Munich on Tuesday.

Hoeness spoke to German media outlet Abendzeitung afterwards and said that the City boss is pleased by Bayern's preferred choice to succeed Ancelotti, although he did not reveal the identity of the Italian's replacement.