However, while the Premier League champions have agreed terms with the 29-year-old, they are yet to match the German club's £36million asking price and instead are only willing to pay around £23million instead.
Thiago was part of the squad that won the Bundesliga and DFB Pokal this summer but is now keen to move on after winning the league in each of his seven seasons in Bavaria, plus four cup triumphs.
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